O-I Glass (OI) 10-Q 2 Nov 22 2022 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information	9 Months Ended
	Sep. 30, 2022 shares
Cover
Document Type	10-Q
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Sep. 30, 2022
Entity File Number	1-9576
Entity Registrant Name	O-I GLASS, INC.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	22-2781933
Entity Address, Address Line One	One Michael Owens Way
Entity Address, City or Town	Perrysburg
Entity Address, State or Province	OH
Entity Address, Postal Zip Code	43551
City Area Code	567
Local Phone Number	336-5000
Title of 12(b) Security	Common Stock, $.01 par value
Security Exchange Name	NYSE
Trading Symbol	OI
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding	155,137,621
Entity Central Index Key	0000812074
Amendment Flag	false
Document Fiscal Year Focus	2022
Current Fiscal Year End Date	--12-31
Document Fiscal Period Focus	Q3

CONDENSED CONSOLIDATED RESULTS

CONDENSED CONSOLIDATED RESULTS OF OPERATIONS - USD ($) shares in Thousands, $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
CONDENSED CONSOLIDATED RESULTS OF OPERATIONS
Net sales	$ 1,693	$ 1,609	$ 5,163	$ 4,770
Revenue, Product and Service [Extensible List]	us-gaap:ProductMember	us-gaap:ProductMember	us-gaap:ProductMember	us-gaap:ProductMember
Cost of goods sold	$ (1,368)	$ (1,307)	$ (4,209)	$ (3,916)
Gross profit	325	302	954	854
Selling and administrative expense	(128)	(108)	(371)	(325)
Research, development and engineering expense	(14)	(19)	(56)	(57)
Interest expense, net	(63)	(50)	(175)	(153)
Equity earnings	24	23	71	64
Other income (expense), net	134	(21)	353	(123)
Earnings from continuing operations before income taxes	278	127	776	260
Provision for income taxes	(43)	(43)	(164)	(144)
Earnings from continuing operations	235	84	612	116
Gain from discontinued operations		7		7
Net earnings	235	91	612	123
Net earnings attributable to non-controlling interests	(4)	(6)	(41)	(17)
Net earnings attributable to the Company	231	85	571	106
Amounts attributable to the Company:
Earnings from continuing operations	231	78	571	99
Gain from discontinued operations		7		7
Net earnings attributable to the Company	$ 231	$ 85	$ 571	$ 106
Basic earnings per share:
Earnings from continuing operations (in dollars per share)	$ 1.49	$ 0.49	$ 3.67	$ 0.62
Gain from discontinued operations (in dollars per share)		0.05		0.05
Net earnings (in dollars per share)	$ 1.49	$ 0.54	$ 3.67	$ 0.67
Weighted average shares outstanding (thousands) (in shares)	155,115	156,825	155,546	157,430
Diluted earnings per share:
Earnings from continuing operations (in dollars per share)	$ 1.45	$ 0.48	$ 3.59	$ 0.61
Gain from discontinued operations (in dollars per share)		0.05		0.05
Net earnings (in dollars per share)	$ 1.45	$ 0.53	$ 3.59	$ 0.66
Weighted average diluted shares outstanding (thousands) (in shares)	158,935	160,511	158,892	160,473

CONDENSED CONSOLIDATED COMPREHE

CONDENSED CONSOLIDATED COMPREHENSIVE INCOME (LOSS) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
CONDENSED CONSOLIDATED COMPREHENSIVE INCOME (LOSS)
Net earnings	$ 235	$ 91	$ 612	$ 123
Other comprehensive income (loss):
Foreign currency translation adjustments	(99)	(110)	(86)	(81)
Pension and other postretirement benefit adjustments, net of tax	31	78	75	115
Change in fair value of derivative instruments, net of tax	24	13	47	26
Other comprehensive income (loss) attributable to the Company	(44)	(19)	36	60
Total comprehensive income	191	72	648	183
Comprehensive (income) loss attributable to non-controlling interests	3	(5)	(32)	(3)
Comprehensive income attributable to the Company	$ 194	$ 67	$ 616	$ 180

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Sep. 30, 2022	Dec. 31, 2021	Sep. 30, 2021
Current assets:
Cash and cash equivalents	$ 523	$ 725	$ 628
Trade receivables, net of allowance of $28 million, $28 million, and $31 million at September 30, 2022, December 31, 2021 and September 30, 2021	892	692	793
Inventories	792	816	808
Prepaid expenses and other current assets	223	237	213
Assets held for sale		49
Total current assets	2,430	2,519	2,442
Property, plant and equipment, net	2,698	2,817	2,785
Goodwill	1,730	1,840	1,879
Intangibles, net	264	286	294
Other assets	1,522	1,370	1,366
Total assets	8,644	8,832	8,766
Current liabilities:
Accounts payable	1,171	1,210	1,062
Short-term loans and long-term debt due within one year	331	72	79
Other liabilities	594	551	597
Liabilities held for sale		13
Total current liabilities	2,096	1,846	1,738
Long-term debt	4,280	4,753	4,853
Paddock support agreement liability		625	625
Other long-term liabilities	817	781	980
Share owners' equity	1,451	827	570
Total liabilities and share owners' equity	$ 8,644	$ 8,832	$ 8,766

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Millions	Sep. 30, 2022	Dec. 31, 2021	Sep. 30, 2021
CONDENSED CONSOLIDATED BALANCE SHEETS
Trade receivables allowance	$ 28	$ 28	$ 31

CONDENSED CONSOLIDATED CASH FLO

CONDENSED CONSOLIDATED CASH FLOWS - USD ($) $ in Millions		9 Months Ended
		Sep. 30, 2022	Sep. 30, 2021
Cash flows from operating activities:
Net earnings		$ 612	$ 123
Gain from discontinued operations			(7)
Non-cash charges
Depreciation and amortization		347	349
Pension expense		25	24
Charge related to Paddock support agreement liability			154
Brazil indirect tax credit			(69)
Restructuring, asset impairment and related charges		21	20
Pension settlement charges		5	5
Gain on sale of divested business		(55)
Gain on sale leasebacks		(334)
Cash payments
Pension contributions		(22)	(33)
Cash paid for restructuring activities		(14)	(14)
Paddock Trust Settlement payment and related expenses		(618)
Change in components of working capital		(162)	(139)
Other, net (a)	[1]	(29)	36
Cash provided by (utilized in) continuing operating activities		(224)	449
Cash provided by discontinued operating activities			7
Cash provided by (utilized in) operating activities		(224)	456
Cash flows from investing activities:
Cash payments for property, plant and equipment		(346)	(268)
Contributions and advances to joint ventures		(11)
Cash proceeds on disposal of other businesses and misc. assets		96	8
Cash proceeds on sale leasebacks		368
Cash proceeds on sale of ANZ businesses, net of transaction costs			58
Reconsolidation of reorganized Paddock		12
Other		(11)
Cash provided by (utilized in) investing activities		108	(202)
Cash flows from financing activities:
Changes in borrowings, net		(4)	(119)
Payment of finance fees		(29)
Shares repurchased		(30)	(30)
Net cash receipts (payments) for hedging activity		38	(10)
Distributions to non-controlling interests		(27)	(10)
Issuance of common stock and other		(2)	(2)
Cash utilized in financing activities		(54)	(171)
Effect of exchange rate fluctuations on cash		(32)	(18)
Change in cash		(202)	65
Cash at beginning of period		725	563
Cash at end of period		$ 523	$ 628
[1] Other, net includes other non-cash charges plus other changes in non-current assets and liabilities.

Segment Information

Segment Information	9 Months Ended
	Sep. 30, 2022
Segment Information
Segment Information	1. Segment Information The Company has two reportable segments and two operating segments based on its geographic locations: the Americas and Europe. These segments are aligned with the Company’s internal approach to managing, reporting, and evaluating performance of its global glass operations. Certain assets and activities not directly related to one of the segments or to glass manufacturing are reported with Retained corporate costs and other. These include licensing, equipment manufacturing, global engineering, certain equity investments and the remaining businesses in the Asia Pacific region that do not meet the criteria of an individually reportable segment after the sale of the Company’s Australia and New Zealand businesses in 2020. Retained corporate costs and other also includes certain headquarters administrative and facilities costs and certain incentive compensation and other benefit plan costs that are global in nature and are not allocable to the reportable segments. The Company’s measure of profit for its reportable segments is segment operating profit, which consists of consolidated earnings from continuing operations before interest income, interest expense, and benefit (provision) for income taxes and excludes amounts related to certain items that management considers not representative of ongoing operations and other adjustments, as well as certain retained corporate costs. The Company’s management, including the chief operating decision maker (defined as our chief executive officer), uses segment operating profit, in combination with net sales and selected cash flow information, to evaluate performance and to allocate resources. Segment operating profit for reportable segments includes an allocation of some corporate expenses based on both a percentage of sales and direct billings based on the costs of specific services provided. Segment operating profit is not a recognized term under accounting principles generally accepted in the United States (“U.S. GAAP”) and, therefore, does not purport to be an alternative to earnings from continuing operations before income taxes. Further, the Company's measure of segment operating profit may not be comparable to similarly titled measures of other companies. ​ Financial information for the three and nine months ended September 30, 2022 and 2021 regarding the Company’s reportable segments is as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three months ended September 30, ​ Nine months ended September 30, ​ ​ ​ 2022 2021 2022 2021 Net sales: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Americas ​ $ 987 ​ $ 925 ​ $ 2,898 ​ $ 2,652 ​ Europe ​ 680 ​ 655 ​ 2,153 ​ ​ 2,039 ​ Reportable segment totals ​ 1,667 ​ 1,580 ​ 5,051 ​ 4,691 ​ Other ​ 26 ​ ​ 29 ​ ​ 112 ​ ​ 79 ​ Net sales ​ $ 1,693 ​ $ 1,609 ​ $ 5,163 ​ $ 4,770 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three months ended September 30, ​ Nine months ended September 30, ​ ​ 2022 2021 2022 2021 Earnings from continuing operations before income taxes ​ $ 278 ​ $ 127 ​ $ 776 ​ $ 260 ​ Items excluded from segment operating profit: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Retained corporate costs and other ​ ​ 63 ​ ​ 49 ​ ​ 165 ​ ​ 126 ​ Gain on sale of divested business ​ ​ ​ ​ ​ ​ ​ ​ (55) ​ ​ ​ ​ Gain on sale leasebacks ​ ​ (153) ​ ​ ​ ​ ​ (334) ​ ​ ​ ​ Restructuring, asset impairment and other charges ​ ​ 10 ​ ​ 12 ​ ​ 21 ​ ​ 21 ​ Brazil indirect tax credit ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (69) ​ Charge related to Paddock support agreement liability ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 154 ​ Pension settlement charges ​ ​ 5 ​ ​ 5 ​ ​ 5 ​ ​ 5 ​ Interest expense, net ​ ​ 63 ​ ​ 50 ​ ​ 175 ​ ​ 153 ​ Segment operating profit ​ $ 266 ​ $ 243 ​ $ 753 ​ $ 650 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Americas ​ $ 130 ​ $ 133 ​ $ 388 ​ $ 357 ​ Europe ​ ​ 136 ​ ​ 110 ​ ​ 365 ​ ​ 293 ​ Reportable segment totals ​ $ 266 ​ $ 243 ​ $ 753 ​ $ 650 ​ ​ Financial information regarding the Company’s total assets is as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, ​ December 31, ​ September 30, ​ ​ 2022 ​ 2021 ​ 2021 ​ Total assets: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Americas $ 5,020 $ 4,853 $ 4,925 ​ Europe ​ 3,174 ​ 3,513 ​ 3,457 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Reportable segment totals ​ 8,194 ​ 8,366 ​ 8,382 ​ Other ​ 450 ​ ​ 466 ​ ​ 384 ​ Consolidated totals $ 8,644 $ 8,832 $ 8,766 ​ ​

Revenue

Revenue	9 Months Ended
	Sep. 30, 2022
Revenue
Revenue	2. Revenue Revenue is recognized at a point in time when obligations under the terms of the Company’s contracts and related purchase orders with its customers are satisfied. This occurs with the transfer of control of glass containers, which primarily takes place when products are shipped from the Company’s manufacturing or warehousing facilities to the customer. Revenue is measured as the amount of consideration the Company expects to receive in exchange for transferring goods, which includes estimated provisions for rebates, discounts, returns and allowances. Sales, value-added, and other taxes the Company collects concurrent with revenue-producing activities are excluded from revenue. The Company’s payment terms are based on customary business practices and can vary by customer type. The term between invoicing and when payment is due is not significant. Also, the Company elected to account for shipping and handling costs as a fulfillment cost at the time of shipment. For the three- and nine-month periods ended September 30, 2022 and September 30, 2021, the Company had no material bad debt expense, and there were no material contract assets, contract liabilities or deferred contract costs recorded on the Condensed Consolidated Balance Sheet. ​ ​ ​ ​ The following tables for the three months ended September 30, 2022 and 2021 disaggregate the Company’s revenue by customer end use: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three months ended September 30, 2022 ​ Americas ​ Europe ​ Total ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Alcoholic beverages (beer, wine, spirits) $ 612 $ 509 $ 1,121 Food and other ​ 205 ​ 113 ​ 318 Non-alcoholic beverages ​ 170 ​ 58 ​ 228 Reportable segment totals ​ $ 987 ​ $ 680 ​ $ 1,667 Other ​ ​ ​ ​ ​ ​ ​ 26 Net sales ​ ​ ​ ​ ​ ​ $ 1,693 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three months ended September 30, 2021 ​ Americas ​ Europe ​ Total ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Alcoholic beverages (beer, wine, spirits) $ 561 ​ $ 467 ​ $ 1,028 Food and other ​ 215 ​ ​ 124 ​ 339 Non-alcoholic beverages ​ 149 ​ ​ 64 ​ 213 Reportable segment totals ​ $ 925 ​ $ 655 ​ $ 1,580 Other ​ ​ ​ ​ ​ ​ ​ 29 Net sales ​ ​ ​ ​ ​ ​ $ 1,609 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ The following tables for the nine months ended September 30, 2022 and 2021 disaggregate the Company’s revenue by customer end use: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Nine months ended September 30, 2022 ​ Americas ​ Europe ​ Total ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Alcoholic beverages (beer, wine, spirits) $ 1,800 $ 1,621 $ 3,421 Food and other ​ 617 ​ 345 ​ 962 Non-alcoholic beverages ​ 481 ​ 187 ​ 668 Reportable segment totals ​ $ 2,898 ​ $ 2,153 ​ $ 5,051 Other ​ ​ ​ ​ ​ ​ ​ 112 Net sales ​ ​ ​ ​ ​ ​ $ 5,163 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Nine months ended September 30, 2021 ​ Americas ​ Europe ​ Total ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Alcoholic beverages (beer, wine, spirits) $ 1,610 ​ $ 1,507 ​ $ 3,117 Food and other ​ 627 ​ ​ 366 ​ 993 Non-alcoholic beverages ​ 415 ​ ​ 166 ​ 581 Reportable segment totals ​ $ 2,652 ​ $ 2,039 ​ $ 4,691 Other ​ ​ ​ ​ ​ ​ ​ 79 Net sales ​ ​ ​ ​ ​ ​ $ 4,770 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Credit Losses

Credit Losses	9 Months Ended
	Sep. 30, 2022
Credit Losses
Credit Losses	​ ​ ​ ​ ​ 3. Credit Losses The Company is exposed to credit losses primarily through its sales of glass containers to customers. The Company’s trade receivables from customers are due within one year or less. The Company assesses each customer’s ability to pay for the glass containers it sells to them by conducting a credit review. The credit review considers the expected billing exposure and timing for payment and the customer’s established credit rating or the Company’s assessment of the customer’s creditworthiness, based on an analysis of their financial statements when a credit rating is not available. The Company also considers contract terms and conditions, country and political risk, and business strategy in its evaluation. A credit limit is established for each customer based on the outcome of this review. The Company may require collateralized asset support or a prepayment to mitigate credit risk. The Company monitors its ongoing credit exposure through the active review of customer balances against contract terms and due dates, including timely account reconciliation, dispute resolution and payment confirmation. The Company may employ collection agencies and legal counsel to pursue the recovery of defaulted receivables. At September 30, 2022 and September 30, 2021, the Company reported $892 million and $793 million of accounts receivable, respectively, net of allowances of $28 million and $31 million, respectively. Changes in the allowance were not material for each of the three and nine months ended September 30, 2022 and September 30, 2021. ​ ​

Inventories

Inventories	9 Months Ended
	Sep. 30, 2022
Inventories
Inventories	4. Inventories Major classes of inventory at September 30, 2022, December 31, 2021 and September 30, 2021 are as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, ​ December 31, ​ September 30, ​ ​ ​ 2022 2021 2021 ​ ​ Finished goods ​ $ 623 ​ $ 659 ​ $ 651 ​ ​ Raw materials ​ 131 ​ 119 ​ 120 ​ ​ Operating supplies ​ 38 ​ 38 ​ 37 ​ ​ ​ ​ $ 792 ​ $ 816 ​ $ 808 ​ ​ ​

Derivative Instruments

Derivative Instruments	9 Months Ended
	Sep. 30, 2022
Derivative Instruments
Derivative Instruments	​ 5. Derivative Instruments The Company has certain derivative assets and liabilities, which consist of natural gas forwards and collars, foreign exchange option and forward contracts, interest rate swaps and cross-currency swaps. The valuation of these instruments is determined primarily using the income approach, including discounted cash flow analysis on the expected cash flows of each derivative. Natural gas prices, foreign exchange rates and interest rates are the significant inputs into the valuation models. The Company also evaluates counterparty risk in determining fair values. This analysis reflects the contractual terms of the derivatives, including the period to maturity, and uses observable market-based inputs, including interest rate curves and implied volatilities. Estimates of the fair value of foreign currency and commodity derivative instruments are determined using exchange traded prices and rates. The fair values of interest rate swaps are determined using the market standard methodology of netting the discounted future fixed cash receipts (or payments) and the discounted expected variable cash payments (or receipts). The variable cash payments (or receipts) are based on an expectation of future interest rates (forward curves) derived from observable market interest rate curves. These inputs are observable in active markets over the terms of the instruments the Company holds, and, accordingly, the Company classifies its derivative assets and liabilities as Level 2 in the hierarchy. ​ Commodity Forward Contracts and Collars Designated as Cash Flow Hedges An unrecognized loss of Cash Flow Hedges of Foreign Exchange Risk An unrecognized gain of $0 at September 30, 2022, an unrecognized gain of $6 million at December 31, 2021 and an unrecognized gain of $9 million at September 30, 2021, related to these cross-currency swaps, were included in Accumulated OCI, and will be reclassified into earnings within the next 12 months. Fair Value Hedges of Foreign Exchange Risk The Company has fixed interest rate borrowings denominated in currencies other than the functional currency of the borrowing subsidiaries. As a result, the Company is exposed to fluctuations in the currency of the borrowing against the subsidiaries’ functional currency. The Company uses derivatives to manage these exposures and designates these derivatives as fair value hedges of foreign exchange risk. Approximately $7 million and $4 million of the components were excluded from the assessment of effectiveness and are included in Accumulated OCI at September 30, 2022 and December 31, 2021, respectively. Interest Rate Swaps Designated as Fair Value Hedges The Company enters into interest rate swaps in order to maintain a capital structure containing targeted amounts of fixed and floating-rate debt and manage interest rate risk. The Company’s fixed-to-variable interest rate swaps are accounted for as fair value hedges. The relevant terms of the swap agreements match the corresponding terms of the notes, and therefore, there is no hedge ineffectiveness. The Company recorded the net of the fair market values of the swaps as a long-term liability and short-term asset, along with a corresponding net decrease in the carrying value of the hedged debt. Net Investment Hedges The Company is exposed to fluctuations in foreign exchange rates on investments it holds in non-U.S. subsidiaries and uses cross-currency swaps to partially hedge this exposure. Foreign Exchange Derivative Contracts Not Designated as Hedging Instruments The Company uses short-term forward exchange or option agreements to purchase foreign currencies at set rates in the future. These agreements are used to limit exposure to fluctuations in foreign currency exchange rates for significant planned purchases of fixed assets or commodities that are denominated in currencies other than the subsidiaries’ functional currency. The Company also uses foreign exchange agreements to offset the foreign currency exchange rate risk for receivables and payables, including intercompany receivables, payables, and loans, not denominated in, or indexed to, their functional currencies. Balance Sheet Classification The following table shows the amount and classification (as noted above) of the Company’s derivatives at September 30, 2022, December 31, 2021 and September 30, 2021: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Fair Value of ​ Fair Value of ​ ​ Hedge Assets ​ Hedge Liabilities ​ ​ September 30, ​ December 31, ​ September 30, ​ September 30, ​ December 31, ​ September 30, ​ 2022 2021 2021 2022 2021 2021 Derivatives designated as hedging instruments: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commodity forward contracts and collars (a) ​ $ 3 ​ $ — ​ $ — ​ $ 2 ​ $ — ​ $ — Interest rate swaps - fair value hedges (b) ​ ​ ​ ​ ​ 4 ​ ​ 9 ​ ​ 39 ​ ​ 2 ​ ​ 1 Cash flow hedges of foreign exchange risk (c) ​ ​ ​ ​ ​ 2 ​ ​ 9 ​ ​ 1 ​ ​ 23 ​ ​ 54 Fair value hedges of foreign exchange risk (d) ​ ​ 68 ​ ​ 9 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net investment hedges (e) ​ ​ 36 ​ ​ 3 ​ ​ 2 ​ ​ ​ ​ ​ 17 ​ ​ 28 Total derivatives accounted for as hedges ​ $ 107 ​ $ 18 ​ $ 20 ​ $ 42 ​ $ 42 ​ $ 83 Derivatives not designated as hedges: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Foreign exchange derivative contracts (f) ​ ​ 2 ​ ​ 1 ​ ​ 1 ​ ​ 17 ​ ​ 2 ​ ​ 4 Total derivatives ​ $ 109 ​ $ 19 ​ $ 21 ​ $ 59 ​ $ 44 ​ $ 87 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Current ​ $ 25 ​ $ 14 ​ $ 15 ​ $ 31 ​ $ 2 ​ $ 4 Noncurrent ​ ​ 84 ​ ​ 5 ​ ​ 6 ​ ​ 28 ​ ​ 42 ​ ​ 83 Total derivatives ​ $ 109 ​ $ 19 ​ $ 21 ​ $ 59 ​ $ 44 ​ $ 87 ​ (a) The notional amount of the commodity forward contracts and collars was approximately 44 million British Thermal Units (“BTUs”) at September 30, 2022. The maximum maturity dates are in 2027 at September 30, 2022. (b) The notional amounts of the interest rate swaps designated as fair value hedges were €725 million at September 30, 2022, December 31, 2021 and September 30, 2021. The maximum maturity dates are in 2024 at September 30, 2022, December 31, 2021 and September 30, 2021. (c) The notional amounts of the cash flow hedges of foreign exchange risk were 259 million Mexican pesos at September 30, 2022, $422 million at December 31, 2021 and $878 million at September 30, 2021. The maximum maturity dates are in 2022 at September 30, 2022 and are in 2023 at December 31, 2021 and September 30, 2021. (d) The notional amounts of the fair value hedges of foreign exchange risk were $850 million at September 30, 2022 and $400 million at December 31, 2021. The maximum maturity dates are in 2030 at September 30, 2022 and December 31, 2021. (e) The notional amounts of the net investment hedges were €324 million at September 30, 2022 and €311 million at December 31, 2021 and September 30, 2021. The maximum maturity dates are in 2026 for September 30, 2022, 2027 for December 31, 2021 and 2027 for September 30, 2021. (f) The notional amounts of the foreign exchange derivative contracts were $448 million, $202 million and $291 million at September 30, 2022, December 31, 2021 and September 30, 2021, respectively. The maximum maturity dates are in 2023 for September 30, 2022 and in 2022 for December 31, 2021 and September 30, 2021. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Gain (Loss) Recognized in OCI (Effective Portion) ​ ​ Gain (Loss) Reclassified from Accumulated OCI into Income (Effective Portion) (1) ​ ​ ​ Three months ended September 30, ​ ​ Three months ended September 30, ​ Derivatives designated as hedging instruments: 2022 ​ 2021 ​ ​ 2022 ​ 2021 ​ Cash Flow Hedges ​ ​ ​ ​ ​ ​ ​ ​ Commodity forward contracts and collars(a) ​ $ 7 ​ $ — ​ ​ $ 4 ​ $ — ​ Cash flow hedges of foreign exchange risk (b) ​ ​ ​ ​ ​ 24 ​ ​ ​ ​ ​ ​ 24 ​ Net Investment Hedges ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net Investment Hedges (c) ​ ​ 23 ​ ​ 14 ​ ​ ​ 2 ​ ​ 1 ​ ​ ​ $ 30 ​ $ 38 ​ ​ $ 6 ​ $ 25 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Gain (Loss) Recognized in OCI (Effective Portion) ​ ​ Gain (Loss) Reclassified from Accumulated OCI into Income (Effective Portion) (1) ​ ​ ​ Nine months ended September 30, ​ ​ Nine months ended September 30, ​ Derivatives designated as hedging instruments: 2022 ​ 2021 ​ ​ 2022 ​ 2021 ​ Cash Flow Hedges ​ ​ ​ ​ ​ ​ ​ ​ Commodity forward contracts and collars (a) ​ $ 4 ​ $ — ​ ​ $ 6 ​ $ — ​ Cash flow hedges of foreign exchange risk (b) ​ ​ 13 ​ ​ 56 ​ ​ ​ 14 ​ ​ 57 ​ Net Investment Hedges ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net Investment Hedges (c) ​ ​ 55 ​ ​ 29 ​ ​ ​ 5 ​ ​ 2 ​ ​ ​ $ 72 ​ $ 85 ​ ​ $ 25 ​ $ 59 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Amount of Gain (Loss) Recognized in Other income (expense), net ​ ​ ​ Amount of Gain (Loss) Recognized in Other income (expense), net ​ ​ Three months ended September 30, ​ ​ ​ Nine months ended September 30, Derivatives not designated as hedges: 2022 ​ 2021 ​ ​ ​ 2022 ​ 2021 Foreign exchange derivative contracts $ (16) $ 2 ​ $ (32) ​ $ 9 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (1) Gains and losses reclassified from Accumulated OCI and recognized in income are recorded to (a) cost of goods sold, (b) other income (expense), net or (c) interest expense, net.

Restructuring Accruals

Restructuring Accruals	9 Months Ended
	Sep. 30, 2022
Restructuring Accruals
Restructuring Accruals	6 . Restructuring Accruals Selected information related to the restructuring accruals for the three months ended September 30, 2022 and 2021 is as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Employee ​ Asset ​ Other ​ Total ​ Costs ​ Impairment ​ Exit Costs ​ Restructuring Balance at July 1, 2022 ​ $ 17 ​ $ ​ ​ $ 15 ​ $ 32 Charges ​ ​ 3 ​ ​ 6 ​ ​ 1 ​ ​ 10 Write-down of assets to net realizable value ​ ​ ​ ​ ​ (6) ​ ​ ​ ​ ​ (6) Net cash paid, principally severance and related benefits ​ (2) ​ ​ ​ ​ ​ (4) ​ (6) Other, including foreign exchange translation ​ (1) ​ ​ ​ ​ ​ ​ ​ (1) Balance at September 30, 2022 ​ $ 17 ​ $ — ​ $ 12 ​ $ 29 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Employee ​ Asset ​ Other ​ Total ​ ​ Costs ​ Impairment ​ Exit Costs ​ Restructuring Balance at July 1, 2021 ​ $ 32 ​ $ — ​ $ 12 ​ $ 44 Charges ​ ​ ​ ​ ​ 1 ​ ​ 11 ​ ​ 12 Write-down of assets to net realizable value ​ ​ ​ ​ ​ (1) ​ ​ ​ ​ ​ (1) Net cash paid, principally severance and related benefits ​ (4) ​ ​ ​ ​ ​ (1) ​ (5) Balance at September 30, 2021 ​ $ 28 ​ $ — ​ $ 22 ​ $ 50 ​ Selected information related to the restructuring accruals for the nine months ended September 30, 2022 and 2021 is as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Employee ​ Asset ​ Other ​ Total ​ ​ Costs ​ Impairment ​ Exit Costs ​ Restructuring Balance at January 1, 2022 ​ $ 20 ​ $ — ​ $ 11 ​ $ 31 Charges ​ ​ 6 ​ ​ 7 ​ ​ 8 ​ ​ 21 Write-down of assets to net realizable value ​ ​ ​ ​ ​ (7) ​ ​ ​ ​ ​ (7) Net cash paid, principally severance and related benefits ​ (7) ​ ​ ​ ​ ​ (7) ​ (14) Other, including foreign exchange translation ​ (2) ​ ​ ​ ​ ​ ​ ​ (2) Balance at September 30, 2022 ​ $ 17 ​ $ — ​ $ 12 ​ $ 29 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Employee ​ Asset ​ Other ​ Total ​ ​ Costs ​ Impairment ​ Exit Costs ​ Restructuring Balance at January 1, 2021 ​ $ 38 ​ $ — ​ $ 7 ​ $ 45 Charges ​ ​ 2 ​ ​ 1 ​ ​ 17 ​ ​ 20 Write-down of assets to net realizable value ​ ​ ​ ​ ​ (1) ​ ​ ​ ​ ​ (1) Net cash paid, principally severance and related benefits ​ (11) ​ ​ ​ ​ ​ (3) ​ ​ (14) Other, including foreign exchange translation ​ (1) ​ ​ ​ ​ ​ 1 ​ ​ — Balance at September 30, 2021 ​ $ 28 ​ $ — ​ $ 22 ​ $ 50 ​ When a decision is made to take restructuring actions, the Company manages and accounts for them programmatically apart from the ongoing operations of the business. Information related to major programs is presented separately, while minor initiatives are presented on a combined basis. As of September 30, 2022 and 2021, no major restructuring programs were in effect. For the three and nine months ended September 30, 2022, the Company implemented several discrete restructuring initiatives and recorded restructuring and other charges of $10 million and $21 million, respectively. These charges consisted of employee costs, such as severance and benefit-related costs, asset impairments, and other exit costs (including related consulting costs attributed to restructuring of managed services activities) at a number of the Company’s locations in the Americas and Europe. These restructuring charges, which were recorded to Other income (expense), net on the Condensed Consolidated Results of Operations, were discrete actions and are expected to approximate the total cumulative costs for those actions as no significant additional costs are expected to be incurred. The Company expects that the majority of the remaining cash expenditures related to the accrued employee and other exit costs will be paid out over the next several years. For the three and nine months ended September 30, 2021, the Company implemented several discrete restructuring initiatives and recorded restructuring and other charges of $12 million and $20 million, respectively. These charges consisted of employee costs, such as severance and benefit-related costs and other exit costs (including related consulting costs attributed to restructuring of managed services activities) at a number of the Company’s locations in the Americas and Europe. These restructuring charges, which were recorded to Other income (expense), net on the Condensed Consolidated Results of Operations, were discrete actions and are expected to approximate the total cumulative costs for those actions as no significant additional costs are expected to be incurred. The Company expects that the majority of the remaining cash expenditures related to the accrued employee and other exit costs will be paid out over the next several years. The Company’s decisions to curtail selected production capacity have resulted in write-downs of certain long-lived assets to the extent their carrying value exceeded fair value or fair value less cost to sell. The Company classified the assumptions used to determine the fair value of the impaired assets in the period that the measurement was taken as Level 3 (third-party appraisal) in the fair value hierarchy as set forth in the general accounting principles for fair value measurements. For the asset impairments recorded through September 30, 2022, the remaining carrying value of the impaired assets was approximately $5 million.

Pension Benefit Plans

Pension Benefit Plans	9 Months Ended
	Sep. 30, 2022
Pension Benefit Plans.
Pension Benefit Plans	7. Pension Benefit Plans The components of the net periodic pension cost for the three months ended September 30, 2022 and 2021 are as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ U.S. ​ Non-U.S. ​ ​ Three months ended September 30, ​ Three months ended September 30, ​ ​ 2022 2021 2022 2021 Service cost ​ $ 3 ​ $ 3 ​ $ 2 ​ $ 3 ​ Interest cost ​ 9 ​ 10 ​ 6 ​ 5 ​ Expected asset return ​ ​ (15) ​ ​ (21) ​ ​ (8) ​ ​ (11) ​ Amortization of actuarial loss ​ ​ 10 ​ ​ 16 ​ ​ 2 ​ ​ 3 ​ Net periodic pension cost ​ $ 7 ​ $ 8 ​ $ 2 ​ $ — ​ ​ The components of the net periodic pension cost for the nine months ended September 30, 2022 and 2021 are as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ U.S. ​ Non-U.S. ​ ​ Nine months ended September 30, ​ Nine months ended September 30, ​ ​ 2022 2021 2022 2021 Service cost ​ $ 9 ​ $ 9 ​ $ 7 ​ $ 9 ​ Interest cost ​ 26 ​ 30 ​ 16 ​ 15 ​ Expected asset return ​ ​ (45) ​ ​ (63) ​ ​ (25) ​ ​ (34) ​ Amortization of actuarial loss ​ ​ 30 ​ ​ 48 ​ ​ 7 ​ ​ 10 ​ Net periodic pension cost ​ $ 20 ​ $ 24 ​ $ 5 ​ $ — ​ ​ ​ The components of pension expense, other than the service cost component, are included in Other income (expense), net on the Condensed Consolidated Results of Operations. ​ The Company settled a portion of its pension obligations, which resulted in pension settlement charges of $5 million in both the three and nine months ended September 2022. The Company settled a portion of its pension obligations, which resulted in a reduction of its pension liability of approximately $46 million and pension settlement charges of $5 million in both the three and nine months ended September 30, 2021. ​

Income Taxes

Income Taxes	9 Months Ended
	Sep. 30, 2022
Income Taxes.
Income Taxes	8. Income Taxes The Company calculates its interim tax provision using the estimated annual effective tax rate (“EAETR”) methodology in accordance with ASC 740-270. The EAETR is applied to the year-to-date ordinary income, exclusive of discrete items. The tax effects of discrete items are then included to arrive at the total reported interim tax provision. The determination of the EAETR is based upon a number of estimates, including the estimated annual pretax ordinary income or loss in each tax jurisdiction in which the Company operates. The tax effects of discrete items are recognized in the tax provision in the quarter they occur, in accordance with U.S. GAAP. Depending on various factors, such as the item’s significance in relation to total income and the rate of tax applicable in the jurisdiction to which it relates, discrete items in any quarter can materially impact the reported effective tax rate. The Company’s annual effective tax rate may be affected by the mix of earnings in the U.S. and foreign jurisdictions, and factors such as changes in tax laws, tax rates or regulations, changes in business, changing interpretation of existing tax laws or regulations, the finalization of tax audits and reviews, as well as other factors. As such, there can be significant volatility in interim tax provisions. The annual effective tax rate differs from the statutory U.S. Federal tax rate of 21% primarily because of varying non-U.S. tax rates and the impact of the U.S. valuation allowance. ​ The Company is currently under income tax examination in various tax jurisdictions in which it operates, including Brazil, Canada, Colombia, France, Indonesia, Italy, Mexico and Peru. The years under examination range from 2004 through 2021. The Company has received tax assessments in excess of established reserves. The Company is contesting these tax assessments, and will continue to do so, including pursuing all available remedies, such as appeals and litigation, if necessary. The Company believes that adequate provisions for all income tax uncertainties have been made. However, if tax assessments are settled against the Company at amounts in excess of established reserves, it could have a material impact on the Company’s consolidated results of operations, financial position or cash flows ​ ​

Debt

Debt	9 Months Ended
	Sep. 30, 2022
Debt
Debt	9. Debt The following table summarizes the long-term debt of the Company at September 30, 2022, December 31, 2021, and September 30, 2021: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, ​ December 31, ​ September 30, ​ ​ 2022 2021 2021 ​ Secured Credit Agreement: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Revolving Credit Facility: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Revolving Loans ​ $ — ​ $ — ​ $ — ​ Term Loans: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Term Loan A ​ ​ 1,444 ​ ​ ​ ​ ​ ​ ​ Previous Secured Credit Agreement: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Revolving Credit Facility: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Revolving Loans ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Term Loans: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Term Loan A ​ ​ ​ ​ ​ 923 ​ ​ 1,068 ​ Other secured debt ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Senior Notes: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 4.00%, due 2023 ​ ​ ​ ​ ​ ​ ​ ​ 308 ​ 5.875%, due 2023 ​ ​ 249 ​ ​ 695 ​ ​ 694 ​ 3.125%, due 2024 (€725 million) ​ ​ 674 ​ ​ 826 ​ ​ 854 ​ 6.375%, due 2025 ​ ​ 298 ​ ​ 297 ​ ​ 297 ​ 5.375%, due 2025 ​ ​ 299 ​ ​ 298 ​ ​ 298 ​ 2.875%, due 2025 (€500 million) ​ ​ 487 ​ ​ 561 ​ ​ 574 ​ 6.625%, due 2027 ​ ​ 606 ​ ​ 693 ​ ​ 693 ​ 4.750%, due 2030 ​ ​ 396 ​ ​ 395 ​ ​ ​ ​ Finance leases ​ ​ 103 ​ ​ 98 ​ ​ 99 ​ Other ​ 4 ​ ​ 5 ​ ​ 5 ​ Total long-term debt ​ 4,560 ​ 4,791 ​ ​ 4,890 ​ Less amounts due within one year ​ 280 ​ ​ 38 ​ ​ 37 ​ Long-term debt ​ $ 4,280 ​ $ 4,753 ​ $ 4,853 ​ ​ The Company presents debt issuance costs in the Condensed Consolidated Balance Sheet as a deduction of the carrying amount of the related debt liability. On March 25, 2022, certain of the Company’s subsidiaries entered into a Credit Agreement and Syndicated Facility Agreement (the “Original Agreement”), which refinanced in full the previous credit agreement. The Original Agreement provided for up to billion of borrowings pursuant to term loans, revolving credit facilities and a delayed draw term loan facility. (see Note 10 for more information). On July 18, 2022, the Company drew down the On August 30, 2022, certain of the Company’s subsidiaries entered into an Amendment No. 1 to its Credit Agreement and Syndicated Facility Agreement (the “Credit Agreement Amendment”), which amends the Original Agreement (as amended by the Credit Agreement Amendment, the “Credit Agreement”). The Credit Agreement Amendment provides for up to The term loans mature, and the revolving credit facilities terminate, in March 2027. The Company recorded approximately $1 million of additional interest charges for third-party fees and the write-off of unamortized fees related to the Credit Agreement Amendment in the third quarter of 2022. The Company recorded approximately $2 million of additional interest charges for third-party fees incurred in connection with the execution of the Original Agreement and the write-off of unamortized fees related to the previous credit agreement in the first quarter of 2022. At September 30, 2022, the Credit Agreement includes a $300 million revolving credit facility, a $950 million multicurrency revolving credit facility and $1,450 million in term loan A facilities ($1,444 million outstanding balance at September 30, 2022, net of debt issuance costs ). At September 30, 2022, the Company had unused credit of . The Credit Agreement contains various covenants that restrict, among other things and subject to certain exceptions, the ability of the Company to incur certain indebtedness and liens, make certain investments, become liable under contingent obligations in certain defined instances only, make restricted payments, make certain asset sales within guidelines and limits, engage in certain affiliate transactions, participate in sale and leaseback financing arrangements, alter its fundamental business, and amend certain subordinated debt obligations. The Credit Agreement also contains one financial maintenance covenant, a Secured Leverage Ratio (as defined in the Credit Agreement), that requires the Company not to exceed a ratio of 2.50x calculated by dividing consolidated Net Indebtedness that is then secured by Liens on property or assets of the Company and certain of its subsidiaries by Consolidated EBITDA, as each term is defined and as described in the Credit Agreement. The Secured Leverage Ratio could restrict the ability of the Company to undertake additional financing or acquisitions to the extent that such financing or acquisitions would cause the Secured Leverage Ratio to exceed the specified maximum. Failure to comply with these covenants and restrictions could result in an event of default under the Credit Agreement. In such an event, the Company could not request additional borrowings under the revolving facilities, and all amounts outstanding under the Credit Agreement, together with accrued interest, could then be declared immediately due and payable. Upon the occurrence and for the duration of a payment event of default, an additional default interest rate equal to per annum will apply to all overdue obligations under the Credit Agreement. If an event of default occurs under the Credit Agreement and the lenders cause all of the outstanding debt obligations under the Credit Agreement to become due and payable, this would result in a default under the indentures governing the Company’s outstanding debt securities and could lead to an acceleration of obligations related to these debt securities. As of September 30, 2022, the Company was in compliance with all covenants and restrictions in the Credit Agreement. In addition, the Company believes that it will remain in compliance and that its ability to borrow additional funds under the Credit Agreement will not be adversely affected by the covenants and restrictions. The Total Leverage Ratio (as defined in the Credit Agreement) determines pricing under the Credit Agreement. The interest rate on borrowings under the Agreement), plus an applicable margin. The applicable margin is linked to the Total Leverage Ratio. The margins range from for Base Rate loans. In addition, a commitment fee is payable on the unused revolving credit facility commitments ranging from Obligations under the Credit Agreement are secured by substantially all of the assets, excluding real estate and certain other excluded assets, of certain of the Company’s domestic subsidiaries and certain foreign subsidiaries. Such obligations are also secured by a pledge of intercompany debt and equity investments in certain of the Company’s domestic subsidiaries and, in the case of foreign obligations, of stock of certain foreign subsidiaries. All obligations under the Credit Agreement are guaranteed by certain domestic subsidiaries of the Company, and certain foreign obligations under the Credit Agreement are guaranteed by certain foreign subsidiaries of the Company. In August 2022, the Company redeemed $300 million aggregate principal amount of its 5.875% Senior Notes due 2023. Following the redemption, $250.0 million aggregate principal amount of the 5.875% Senior Notes due 2023 remained outstanding. The redemption was funded with cash on hand. The Company recorded approximately $7 million of additional interest charges for note repurchase premiums and the write-off of unamortized finance fees related to this redemption. On February 10, 2022, the Company announced the commencement, by an indirect wholly owned subsidiary of the Company, of a tender offer to purchase for cash up to $250.0 million aggregate purchase price of its outstanding (i) 5.875% Senior Notes due 2023, (ii) 5.375% Senior Notes due 2025, (iii) 6.375% Senior Notes due 2025 and (iv) 6.625% Senior Notes due 2027. On February 28, 2022, the Company repurchased $150.0 million aggregate principal amount of the outstanding 5.875% Senior Notes due 2023 and $88.2 million aggregate principal amount of the outstanding 6.625% Senior Notes due 2027. Following the repurchase, $550.0 million and $611.8 million aggregate principal amounts of the 5.875% Senior Notes due 2023 and 6.625% Senior Notes due 2027, respectively, remained outstanding. The repurchases were funded with cash on hand. The Company recorded approximately $16 million of additional interest charges for note repurchase premiums and the write-off of unamortized finance fees related to the senior note repurchases conducted in the first quarter of 2022. In November 2021, the Company issued $400 million aggregate principal amount of senior notes. The senior notes bear interest at a rate of 4.75% per annum and mature on February 15, 2030. The senior notes were issued via a private placement and are guaranteed by certain of the Company’s domestic subsidiaries. The net proceeds, after deducting debt issuance costs, totaled approximately $395 million and, together with cash on hand, were used to redeem the $310 million aggregate principal amount of the Company’s outstanding 4.00% Senior Notes due 2023 and approximately $128 million of term loan A borrowings under the Previous Agreement. The Company recorded approximately $13 million of additional interest charges for note repurchase premiums and write-off of unamortized finance fees related to these redemptions. In order to maintain a capital structure containing appropriate amounts of fixed and floating-rate debt, the Company has entered into a series of interest rate swap agreements. These interest rate swap agreements were accounted for as fair value hedges (see Note 5 for more information). The Company assesses its capital raising and refinancing needs on an ongoing basis and may enter into additional credit facilities and seek to issue equity and/or debt securities in the domestic and international capital markets if market conditions are favorable. Also, depending on market conditions, the Company may elect to repurchase portions of its debt securities in the open market. The carrying amounts reported for certain long-term debt obligations subject to frequently redetermined interest rates approximate fair value. Fair values for the Company’s significant fixed rate debt obligations are based on published market quotations, and are classified as Level 1 in the fair value hierarchy. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Principal ​ Indicated Market ​ ​ ​ ​ Amount Price Fair Value ​ Senior Notes: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 5.875%, due 2023 ​ $ 250 ​ $ 99.61 ​ $ 249 ​ 3.125%, due 2024 (€725 million) ​ ​ 711 ​ ​ 93.17 ​ ​ 662 ​ 6.375%, due 2025 ​ ​ 300 ​ ​ 94.40 ​ ​ 283 ​ 5.375%, due 2025 ​ ​ 300 ​ ​ 92.89 ​ ​ 279 ​ 2.875%, due 2025 (€500 million) ​ ​ 490 ​ ​ 90.16 ​ ​ 442 ​ 6.625%, due 2027 ​ ​ 612 ​ ​ 90.45 ​ ​ 554 ​ 4.750% due 2030 ​ ​ 400 ​ ​ 79.94 ​ ​ 320 ​ ​

Share Owners' Equity

Share Owners' Equity	9 Months Ended
	Sep. 30, 2022
Share Owners' Equity
Share Owners' Equity	​ ​ ​ ​ ​ ​ 11. Share Owners’ Equity ​ The activity in share owners’ equity for the three months ended September 30, 2022 and 2021 is as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Share Owners’ Equity of the Company ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Accumulated ​ ​ ​ ​ ​ ​ ​ ​ Capital in ​ ​ ​ ​ ​ ​ ​ Other ​ Non- ​ Total Share ​ ​ ​ Common ​ Excess of ​ Treasury ​ ​ Retained Comprehensive ​ controlling ​ Owners' ​ ​ ​ Stock ​ Par Value ​ Stock ​ Earnings ​ Loss ​ Interests ​ Equity ​ Balance on July 1, 2022 ​ $ 2 ​ $ 3,085 ​ ​ (695) ​ $ 641 ​ $ (1,890) ​ $ 116 ​ $ 1,259 ​ Reissuance of common stock (0.2 million shares) ​ ​ ​ ​ ​ (2) ​ ​ 4 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2 ​ Shares repurchased (0.8 million shares) ​ ​ ​ ​ ​ (10) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (10) ​ Stock compensation (0.0 million shares) ​ ​ ​ ​ ​ 10 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 10 ​ Net earnings ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 231 ​ ​ ​ ​ ​ 4 ​ 235 ​ Other comprehensive loss ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (37) ​ ​ (7) ​ (44) ​ Distribution to noncontrolling interests ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (1) ​ (1) ​ Balance on September 30, 2022 ​ $ 2 ​ $ 3,083 ​ $ (691) ​ $ 872 ​ $ (1,927) ​ $ 112 ​ $ 1,451 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Share Owners’ Equity of the Company ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Accumulated ​ ​ ​ ​ ​ ​ ​ ​ ​ Capital in ​ ​ ​ ​ ​ ​ Other ​ Non- ​ Total Share ​ ​ ​ Common ​ Excess of ​ Treasury ​ Retained ​ Comprehensive ​ controlling ​ Owners' ​ ​ Stock Par Value Stock ​ Earnings ​ Loss ​ Interests ​ Equity Balance on July 1, 2021 ​ $ 2 ​ $ 3,113 ​ $ (709) ​ $ 173 ​ $ (2,180) ​ $ 103 ​ $ 502 ​ Reissuance of common stock (0.2 million shares) ​ ​ ​ ​ ​ (1) ​ ​ 4 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 3 ​ Shares repurchased (0.6 million shares) ​ ​ ​ ​ ​ (10) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (10) ​ Stock compensation (0.0 million shares) ​ ​ ​ ​ ​ 3 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 3 ​ Net earnings ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 85 ​ ​ ​ ​ ​ 6 ​ 91 ​ Other comprehensive loss ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (18) ​ ​ (1) ​ (19) ​ Balance on September 30, 2021 ​ $ 2 ​ $ 3,105 ​ $ (705) ​ $ 258 ​ $ (2,198) ​ $ 108 ​ $ 570 ​ ​ The activity in share owners’ equity for the nine months ended September 30, 2022 and 2021 is as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Share Owners’ Equity of the Company ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Accumulated ​ ​ ​ ​ ​ ​ ​ ​ ​ Capital in ​ ​ ​ ​ ​ ​ ​ Other ​ Non- ​ Total Share ​ ​ ​ Common ​ Excess of ​ Treasury ​ Retained ​ Comprehensive ​ controlling ​ Owners' ​ ​ ​ Stock ​ Par Value ​ Stock ​ Earnings ​ Loss ​ Interests ​ Equity Balance on January 1, 2022 ​ $ 2 ​ $ 3,090 ​ $ (701) ​ $ 301 ​ $ (1,972) ​ $ 107 ​ $ 827 ​ Reissuance of common stock (0.6 million shares) ​ ​ ​ ​ ​ (5) ​ ​ 13 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 8 ​ Shares repurchased (2.3 million shares) ​ ​ ​ ​ ​ (30) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (30) ​ Stock compensation (0.5 million shares) ​ ​ ​ ​ ​ 28 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 28 ​ Net earnings ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 571 ​ ​ ​ ​ ​ 41 ​ ​ 612 ​ Other comprehensive income (loss) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 45 ​ ​ (9) ​ ​ 36 ​ Distributions to noncontrolling interests ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (27) ​ ​ (27) ​ Other ​ ​ ​ ​ ​ ​ ​ ​ (3) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (3) ​ Balance on September 30, 2022 ​ $ 2 ​ $ 3,083 ​ $ (691) ​ $ 872 ​ $ (1,927) ​ $ 112 ​ $ 1,451 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Share Owners’ Equity of the Company ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Accumulated ​ ​ ​ ​ ​ ​ ​ ​ ​ Capital in ​ ​ ​ ​ ​ ​ ​ Other ​ Non- ​ Total Share ​ ​ ​ Common ​ Excess of ​ Treasury ​ Retained ​ Comprehensive ​ controlling ​ Owners' ​ ​ ​ Stock ​ Par Value ​ Stock ​ Earnings ​ Loss ​ Interests ​ Equity Balance on January 1, 2021 ​ $ 2 ​ $ 3,129 ​ $ (714) ​ $ 152 ​ $ (2,272) ​ $ 104 ​ $ 401 ​ Issuance of common stock (0.05 million shares) ​ ​ ​ ​ ​ 1 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 1 ​ Reissuance of common stock (0.3 million shares) ​ ​ ​ ​ ​ (4) ​ ​ 11 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 7 ​ Shares repurchased (1.7 million shares) ​ ​ ​ ​ ​ (30) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (30) ​ Stock compensation (0.6 million shares) ​ ​ ​ ​ ​ 11 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 11 ​ Net earnings ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 106 ​ ​ ​ ​ ​ 17 ​ 123 ​ Other comprehensive income (loss) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 74 ​ ​ (14) ​ 60 ​ Other ​ ​ ​ ​ ​ (2) ​ ​ (2) ​ ​ ​ ​ ​ ​ ​ ​ 1 ​ ​ (3) ​ Balance on September 30, 2021 ​ $ 2 ​ $ 3,105 ​ $ (705) ​ $ 258 ​ $ (2,198) ​ $ 108 ​ $ 570 ​ ​ During the three months ended September 30, 2022, the Company purchased million. The share purchases were ​ The Company has 250,000,000 shares of common stock authorized with a par value of $.01 per share. Shares outstanding are as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Shares Outstanding (in thousands) ​ ​ September 30, ​ December 31, ​ September 30, ​ 2022 2021 2021 ​ ​ ​ ​ ​ ​ ​ ​ Shares of common stock issued (including treasury shares) 186,180 ​ 187,752 ​ 188,426 ​ ​ ​ ​ ​ ​ ​ ​ ​ Treasury shares 31,042 ​ 31,397 ​ 31,599 ​ ​ ​ ​ ​

Accumulated Other Comprehensive

Accumulated Other Comprehensive Loss	9 Months Ended
	Sep. 30, 2022
Accumulated Other Comprehensive Loss.
Accumulated Other Comprehensive Loss	​ ​ 12. Accumulated Other Comprehensive Loss The activity in accumulated other comprehensive loss for the three months ended September 30, 2022 and 2021 is as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total ​ ​ ​ ​ ​ ​ ​ ​ ​ Accumulated ​ ​ ​ Net Effect of ​ Change in Certain ​ ​ ​ ​ Other ​ ​ ​ Exchange Rate ​ Derivative ​ Employee ​ Comprehensive ​ Fluctuations Instruments Benefit Plans Loss Balance on July 1, 2022 ​ $ (1,275) ​ $ 2 ​ $ (617) ​ $ (1,890) ​ Change before reclassifications ​ (92) ​ ​ 30 ​ ​ ​ ​ (62) ​ Amounts reclassified from accumulated other comprehensive loss ​ ​ ​ ​ ​ (6) (a) 17 (b) 11 ​ Translation effect ​ ​ ​ ​ ​ ​ ​ ​ 14 ​ ​ 14 ​ Other comprehensive income (loss) attributable to the Company ​ (92) ​ 24 ​ 31 ​ (37) ​ Balance on September 30, 2022 ​ $ (1,367) ​ $ 26 ​ $ (586) ​ $ (1,927) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Accumulated ​ ​ Net Effect of ​ Change in Certain ​ ​ ​ ​ Other ​ ​ ​ Exchange Rate ​ Derivative ​ Employee ​ Comprehensive ​ ​ Fluctuations Instruments Benefit Plans Loss Balance on July 1, 2021 ​ $ (1,187) ​ $ (47) ​ $ (946) ​ $ (2,180) Change before reclassifications ​ (109) ​ ​ 37 ​ ​ 47 ​ (25) ​ Amounts reclassified from accumulated other comprehensive income (loss) ​ ​ ​ ​ ​ (25) (a) 24 (b) (1) ​ Translation effect ​ ​ ​ ​ ​ ​ ​ ​ 7 ​ ​ 7 ​ Tax effect ​ ​ ​ ​ ​ 1 ​ ​ ​ ​ ​ 1 ​ Other comprehensive income (loss) attributable to the Company ​ (109) ​ 13 ​ 78 ​ (18) ​ Balance on September 30, 2021 ​ $ (1,296) ​ $ (34) ​ $ (868) ​ $ (2,198) ​ (a) Amount is recorded to Other income (expense), net and interest expense, net on the Condensed Consolidated Results of Operations (see Note 5 for additional information). (b) Amount is included in the computation of net periodic pension cost (see Note 7 for additional information) and net post-retirement benefit cost. The activity in accumulated other comprehensive loss for the nine months ended September 30, 2022 and 2021 is as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Accumulated ​ ​ Net Effect of ​ Change in Certain ​ ​ ​ ​ Other ​ ​ ​ Exchange Rate ​ Derivative ​ Employee ​ Comprehensive ​ ​ Fluctuations Instruments Benefit Plans Loss Balance on January 1, 2022 ​ $ (1,290) ​ $ (21) ​ $ (661) ​ $ (1,972) Change before reclassifications ​ (77) ​ ​ 73 ​ ​ (1) ​ (5) ​ Amounts reclassified from accumulated other comprehensive income (loss) ​ ​ ​ ​ ​ (25) (a) 41 (b) 16 ​ Translation effect ​ ​ ​ ​ ​ (1) ​ ​ 35 ​ ​ 34 ​ Other comprehensive income attributable to the Company ​ (77) ​ 47 ​ 75 ​ 45 ​ Balance on September 30, 2022 ​ $ (1,367) ​ $ 26 ​ $ (586) ​ $ (1,927) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Accumulated ​ ​ Net Effect of ​ Change in Certain ​ ​ ​ ​ Other ​ ​ ​ Exchange Rate ​ Derivative ​ Employee ​ Comprehensive ​ ​ Fluctuations Instruments Benefit Plans Loss Balance on January 1, 2021 ​ $ (1,229) ​ $ (60) ​ $ (983) ​ $ (2,272) Change before reclassifications ​ (67) ​ ​ 83 ​ ​ 45 ​ 61 ​ Amounts reclassified from accumulated other comprehensive income (loss) ​ ​ ​ ​ ​ (59) (a) 63 (b) 4 ​ Translation effect ​ ​ ​ ​ ​ 1 ​ ​ 7 ​ ​ 8 ​ Tax effect ​ ​ ​ ​ ​ 1 ​ ​ ​ 1 ​ Other comprehensive income (loss) attributable to the Company ​ (67) ​ 26 ​ 115 ​ 74 ​ Balance on September 30, 2021 ​ $ (1,296) ​ $ (34) ​ $ (868) ​ $ (2,198) ​ (a) Amount is recorded to Other income (expense), net and interest expense, net on the Condensed Consolidated Results of Operations (see Note 5 for additional information). (b) Amount is included in the computation of net periodic pension cost (see Note 7 for additional information) and net post-retirement benefit cost.

Other Income (Expense), Net

Other Income (Expense), Net	9 Months Ended
	Sep. 30, 2022
Other Income (Expense), Net
Other Income (Expense), Net	13. Other Income (Expense), Net Other income (expense), net for the three and nine months ended September 30, 2022 and 2021 included the following: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three months ended September 30, ​ Nine months ended September 30, ​ 2022 2021 2022 2021 Gain on sale of divested business (see Note 17) ​ $ ​ ​ $ ​ ​ $ 55 ​ $ ​ Gain on sale leasebacks (see Note 17) ​ ​ 153 ​ ​ ​ ​ ​ 334 ​ ​ ​ Restructuring, asset impairment and other charges ​ ​ (10) ​ ​ (12) ​ ​ (21) ​ ​ (21) Brazil indirect tax credit (see Note 10) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 69 Pension settlement charges ​ ​ (5) ​ ​ (5) ​ ​ (5) ​ ​ (5) Charge related to Paddock support agreement liability (see Note 10) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (154) Intangible amortization expense ​ ​ (8) ​ ​ (9) ​ ​ (24) ​ ​ (26) Foreign currency exchange loss ​ ​ (3) ​ ​ (1) ​ ​ (4) ​ ​ (3) Royalty income ​ ​ 7 ​ ​ 6 ​ ​ 18 ​ ​ 17 Other income (expense), net ​ $ 134 ​ $ (21) ​ $ 353 ​ $ (123) ​

Earnings Per Share

Earnings Per Share	9 Months Ended
	Sep. 30, 2022
Earnings Per Share
Earnings Per Share	​ 14. Earnings Per Share The following table sets forth the computation of basic and diluted earnings per share for the three months ended September 30, 2022 and 2021: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three months ended September 30, ​ 2022 2021 Numerator: ​ ​ Net earnings attributable to the Company ​ $ 231 ​ $ 85 Denominator (in thousands): ​ ​ ​ ​ ​ ​ Denominator for basic earnings per share-weighted average shares outstanding ​ 155,115 ​ ​ 156,825 Effect of dilutive securities: ​ ​ ​ ​ ​ ​ Stock options and other ​ 3,820 ​ 3,686 Denominator for diluted earnings per share-adjusted weighted average shares outstanding ​ 158,935 ​ ​ 160,511 Basic earnings per share: ​ ​ ​ ​ ​ ​ Earnings from continuing operations attributable to the Company ​ $ 1.49 ​ $ 0.49 Gain from discontinued operations ​ ​ ​ 0.05 Net earnings attributable to the Company ​ $ 1.49 ​ $ 0.54 Diluted earnings per share: ​ ​ ​ ​ ​ ​ Earnings from continuing operations attributable to the Company ​ $ 1.45 ​ $ 0.48 Gain from discontinued operations ​ ​ ​ 0.05 Net earnings attributable to the Company ​ $ 1.45 ​ $ 0.53 ​ The diluted earnings per share computation for the three months ended September 30, 2022 and 2021 excludes 724,186 and 958,014 weighted average shares of common stock, respectively, due to their antidilutive effect, which includes options to purchase, unvested restricted stock units and performance vested restricted share units. Options to purchase shares were excluded because the exercise prices of the options were greater than the average market price of the shares of common stock. The following table sets forth the computation of basic and diluted earnings per share for the nine months ended September 30, 2022 and 2021: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Nine months ended September 30, ​ 2022 2021 Numerator: ​ ​ ​ Net earnings attributable to the Company ​ $ 571 ​ $ 106 Denominator (in thousands): ​ ​ ​ ​ ​ ​ Denominator for basic earnings per share-weighted average shares outstanding ​ 155,546 ​ 157,430 Effect of dilutive securities: ​ ​ ​ ​ ​ ​ Stock options and other ​ 3,346 ​ 3,043 Denominator for diluted earnings per share-adjusted weighted average shares outstanding ​ 158,892 ​ 160,473 Basic earnings per share: ​ ​ ​ ​ ​ ​ Earnings from continuing operations attributable to the Company ​ $ 3.67 ​ $ 0.62 Gain from discontinued operations ​ ​ ​ 0.05 Net earnings attributable to the Company ​ $ 3.67 ​ $ 0.67 Diluted earnings per share: ​ ​ ​ ​ ​ ​ Earnings from continuing operations attributable to the Company ​ $ 3.59 ​ $ 0.61 Gain from discontinued operations ​ ​ ​ 0.05 Net earnings attributable to the Company ​ $ 3.59 ​ $ 0.66 ​ The diluted earnings per share computation for the nine months ended September 30, 2022 and 2021 excludes 1,035,227 and 1,206,870 weighted average shares of common stock, respectively, due to their antidilutive effect, which includes options to purchase, unvested restricted stock units and performance vested restricted share units. Options to purchase shares were excluded because the exercise prices of the options were greater than the average market price of the shares of common stock.

Supplemental Cash Flow Informat

Supplemental Cash Flow Information	9 Months Ended
	Sep. 30, 2022
Supplemental Cash Flow Information
Supplemental Cash Flow Information	15. Supplemental Cash Flow Information Income taxes paid in cash were as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Nine months ended September 30, ​ ​ 2022 2021 U.S. ​ $ 9 ​ $ 6 ​ Non-U.S. ​ 128 ​ 58 ​ Total income taxes paid in cash ​ $ 137 ​ $ 64 ​ ​ Interest paid, including note repurchase premiums, in cash for the nine months ended September 30, 2022 and 2021 was The Company uses various factoring programs to sell certain receivables to financial institutions as part of managing its cash flows. At September 30, 2022, December 31, 2021 and September 30, 2021, the amount of receivables sold by the Company was These amounts included $174 million, $180 million and $189 million at September 30, 2022, December 31, 2021, and September 30, 2021, respectively, for trade receivable amounts factored under supply chain financing programs linked to commercial arrangements with key customers. million for the same period in 2021. For the nine months ended September 30, 2022 and 2021, the Company recorded expenses related to these factoring programs of approximately ​

COVID-19 Impacts

COVID-19 Impacts	9 Months Ended
	Sep. 30, 2022
COVID-19 Impacts
COVID-19 Impacts	16. COVID-19 Impacts ​ On March 11, 2020, the World Health Organization characterized COVID-19 as a global pandemic and recommended containment and mitigation measures. The Company is actively monitoring the impact of the COVID-19 pandemic, which negatively impacted its business in 2020 and, to a lesser extent, in 2021 and the first nine months of 2022 and may negatively impact its business and results of operations in the future. ​ The preparation of Condensed Consolidated Financial Statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements, as well as the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates particularly as it relates to estimates reliant on forecasts and other assumptions reasonably available to the Company and the uncertain future impacts of the COVID-19 pandemic and related economic disruptions. The extent to which the COVID-19 pandemic and related economic disruptions impact the Company’s business and financial results will depend on future developments including, but not limited to, the continued spread, duration and severity of the COVID-19 pandemic; the occurrence, spread, duration and severity of any subsequent wave or waves of outbreaks after the initial outbreak has subsided; the actions taken by the U.S. and foreign governments to contain the COVID-19 pandemic, address its impact or respond to the reduction in global and local economic activity; the occurrence, duration and severity of a global, regional or national recession, depression or other sustained adverse market event; the impact of the developments described above on its customers and suppliers; and how quickly and to what extent normal economic and operating conditions can resume. The accounting matters assessed included, but were not limited to: ​ ● allowance for doubtful accounts and credit losses; ​ ● carrying value of inventory; and ​ ● the carrying value of goodwill and other long-lived assets. ​ There was not a material impact to the above estimates in the Company’s Condensed Consolidated Financial Statements for the nine-month period ended September 30, 2022 or September 30, 2021. The Company’s future assessment of the magnitude and duration of the COVID-19 pandemic, as well as other factors, could result in material changes to the estimates and material impacts to the Company’s Condensed Consolidated Financial Statements in future reporting periods. ​

Divestitures and Sale Leaseback

Divestitures and Sale Leasebacks of Land and Building	9 Months Ended
	Sep. 30, 2022
Divestitures and Sale Leasebacks of Land and Building
Divestitures and Sale Leasebacks of Land and Building	17. Divestitures and Sale Leasebacks of Land and Building ​ In August 2022, the Company completed the sale of the land and building related to its Vernon, California (Los Angeles) plant to 2900 Fruitland Avenue Investors LLC and 2901 Fruitland Avenue Investors LLC (“Fruitland”). Proceeds from the sale were approximately $181 million and the Company recorded a pretax gain of approximately $153 million (approximately $153 million after tax) on the sale, which is reflected in Other income (expense), net on the Condensed Consolidated Results of Operations. ​ In connection with this transaction, the Company entered into a lease for the land and building with Fruitland for the Vernon, California plant for an initial term of 10 years. The lease requires the Company to make rent payments of approximately $7.2 million in the first year, gradually increasing to approximately $10.3 million in the tenth year. The lease is classified as operating and was recorded as a right-of-use asset current noncurrent ​ In May 2022, the Company completed the sale of the land and building related to its Brampton, Ontario, Canada plant to an affiliate of Crestpoint Real Estate Investments Ltd. (“Crestpoint”). Net proceeds were approximately $190 million, and the Company recorded a pretax gain of approximately $182 million (approximately $158 million after tax) on the sale, which is reflected in Other income (expense), net on the Condensed Consolidated Results of Operations. ​ In connection with this transaction, the Company entered into a lease for the land and building with Crestpoint for the Brampton, Ontario plant for an initial term of 10 years. The lease requires the Company to make rent payments of approximately $7.3 million in the first year, gradually increasing to approximately $9.1 million in the tenth year. The lease is classified as operating and was recorded as a right-of-use asset current noncurrent ​ In March 2022, the Company completed the sale of its Cristar TableTop S.A.S. business to Vidros Colombia S.A.S, an affiliate of Nadir Figueiredo S.A., a glass tableware producer based in Brazil. Gross proceeds received were approximately $96 million and the related pretax gain recorded was approximately $55 million (approximately $16 million after tax and non-controlling interest) in the first quarter of 2022. The pretax gain was recorded to Other income (expense), net on the Condensed Consolidated Results of Operations. ​ In January 2021, the Company completed the sale of its plant in Argentina. Gross proceeds were approximately $10 million, and the gain on the sale was not material.

Segment Information (Tables)

Segment Information (Tables)	9 Months Ended
	Sep. 30, 2022
Segment Information
Net sales for the Company's reportable segments	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three months ended September 30, ​ Nine months ended September 30, ​ ​ ​ 2022 2021 2022 2021 Net sales: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Americas ​ $ 987 ​ $ 925 ​ $ 2,898 ​ $ 2,652 ​ Europe ​ 680 ​ 655 ​ 2,153 ​ ​ 2,039 ​ Reportable segment totals ​ 1,667 ​ 1,580 ​ 5,051 ​ 4,691 ​ Other ​ 26 ​ ​ 29 ​ ​ 112 ​ ​ 79 ​ Net sales ​ $ 1,693 ​ $ 1,609 ​ $ 5,163 ​ $ 4,770 ​
Segment operating profit (loss) for the Company's reportable segments	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three months ended September 30, ​ Nine months ended September 30, ​ ​ 2022 2021 2022 2021 Earnings from continuing operations before income taxes ​ $ 278 ​ $ 127 ​ $ 776 ​ $ 260 ​ Items excluded from segment operating profit: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Retained corporate costs and other ​ ​ 63 ​ ​ 49 ​ ​ 165 ​ ​ 126 ​ Gain on sale of divested business ​ ​ ​ ​ ​ ​ ​ ​ (55) ​ ​ ​ ​ Gain on sale leasebacks ​ ​ (153) ​ ​ ​ ​ ​ (334) ​ ​ ​ ​ Restructuring, asset impairment and other charges ​ ​ 10 ​ ​ 12 ​ ​ 21 ​ ​ 21 ​ Brazil indirect tax credit ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (69) ​ Charge related to Paddock support agreement liability ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 154 ​ Pension settlement charges ​ ​ 5 ​ ​ 5 ​ ​ 5 ​ ​ 5 ​ Interest expense, net ​ ​ 63 ​ ​ 50 ​ ​ 175 ​ ​ 153 ​ Segment operating profit ​ $ 266 ​ $ 243 ​ $ 753 ​ $ 650 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Americas ​ $ 130 ​ $ 133 ​ $ 388 ​ $ 357 ​ Europe ​ ​ 136 ​ ​ 110 ​ ​ 365 ​ ​ 293 ​ Reportable segment totals ​ $ 266 ​ $ 243 ​ $ 753 ​ $ 650 ​
Total assets for the Company's reportable segments	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, ​ December 31, ​ September 30, ​ ​ 2022 ​ 2021 ​ 2021 ​ Total assets: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Americas $ 5,020 $ 4,853 $ 4,925 ​ Europe ​ 3,174 ​ 3,513 ​ 3,457 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Reportable segment totals ​ 8,194 ​ 8,366 ​ 8,382 ​ Other ​ 450 ​ ​ 466 ​ ​ 384 ​ Consolidated totals $ 8,644 $ 8,832 $ 8,766 ​

Revenue (Tables)

Revenue (Tables)	9 Months Ended
	Sep. 30, 2022
Revenue
Schedule of disaggregation of revenue by customer end use	The following tables for the three months ended September 30, 2022 and 2021 disaggregate the Company’s revenue by customer end use: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three months ended September 30, 2022 ​ Americas ​ Europe ​ Total ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Alcoholic beverages (beer, wine, spirits) $ 612 $ 509 $ 1,121 Food and other ​ 205 ​ 113 ​ 318 Non-alcoholic beverages ​ 170 ​ 58 ​ 228 Reportable segment totals ​ $ 987 ​ $ 680 ​ $ 1,667 Other ​ ​ ​ ​ ​ ​ ​ 26 Net sales ​ ​ ​ ​ ​ ​ $ 1,693 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three months ended September 30, 2021 ​ Americas ​ Europe ​ Total ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Alcoholic beverages (beer, wine, spirits) $ 561 ​ $ 467 ​ $ 1,028 Food and other ​ 215 ​ ​ 124 ​ 339 Non-alcoholic beverages ​ 149 ​ ​ 64 ​ 213 Reportable segment totals ​ $ 925 ​ $ 655 ​ $ 1,580 Other ​ ​ ​ ​ ​ ​ ​ 29 Net sales ​ ​ ​ ​ ​ ​ $ 1,609 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ The following tables for the nine months ended September 30, 2022 and 2021 disaggregate the Company’s revenue by customer end use: ​ ​ ​

Inventories (Tables)

Inventories (Tables)	9 Months Ended
	Sep. 30, 2022
Inventories
Major classes of inventory	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, ​ December 31, ​ September 30, ​ ​ ​ 2022 2021 2021 ​ ​ Finished goods ​ $ 623 ​ $ 659 ​ $ 651 ​ ​ Raw materials ​ 131 ​ 119 ​ 120 ​ ​ Operating supplies ​ 38 ​ 38 ​ 37 ​ ​ ​ ​ $ 792 ​ $ 816 ​ $ 808 ​ ​

Derivative Instruments (Tables)

Derivative Instruments (Tables)	9 Months Ended
	Sep. 30, 2022
Derivative Instruments
Balance Sheet Classification of derivative instruments	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Fair Value of ​ Fair Value of ​ ​ Hedge Assets ​ Hedge Liabilities ​ ​ September 30, ​ December 31, ​ September 30, ​ September 30, ​ December 31, ​ September 30, ​ 2022 2021 2021 2022 2021 2021 Derivatives designated as hedging instruments: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commodity forward contracts and collars (a) ​ $ 3 ​ $ — ​ $ — ​ $ 2 ​ $ — ​ $ — Interest rate swaps - fair value hedges (b) ​ ​ ​ ​ ​ 4 ​ ​ 9 ​ ​ 39 ​ ​ 2 ​ ​ 1 Cash flow hedges of foreign exchange risk (c) ​ ​ ​ ​ ​ 2 ​ ​ 9 ​ ​ 1 ​ ​ 23 ​ ​ 54 Fair value hedges of foreign exchange risk (d) ​ ​ 68 ​ ​ 9 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net investment hedges (e) ​ ​ 36 ​ ​ 3 ​ ​ 2 ​ ​ ​ ​ ​ 17 ​ ​ 28 Total derivatives accounted for as hedges ​ $ 107 ​ $ 18 ​ $ 20 ​ $ 42 ​ $ 42 ​ $ 83 Derivatives not designated as hedges: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Foreign exchange derivative contracts (f) ​ ​ 2 ​ ​ 1 ​ ​ 1 ​ ​ 17 ​ ​ 2 ​ ​ 4 Total derivatives ​ $ 109 ​ $ 19 ​ $ 21 ​ $ 59 ​ $ 44 ​ $ 87 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Current ​ $ 25 ​ $ 14 ​ $ 15 ​ $ 31 ​ $ 2 ​ $ 4 Noncurrent ​ ​ 84 ​ ​ 5 ​ ​ 6 ​ ​ 28 ​ ​ 42 ​ ​ 83 Total derivatives ​ $ 109 ​ $ 19 ​ $ 21 ​ $ 59 ​ $ 44 ​ $ 87 ​ (a) The notional amount of the commodity forward contracts and collars was approximately 44 million British Thermal Units (“BTUs”) at September 30, 2022. The maximum maturity dates are in 2027 at September 30, 2022. (b) The notional amounts of the interest rate swaps designated as fair value hedges were €725 million at September 30, 2022, December 31, 2021 and September 30, 2021. The maximum maturity dates are in 2024 at September 30, 2022, December 31, 2021 and September 30, 2021. (c) The notional amounts of the cash flow hedges of foreign exchange risk were 259 million Mexican pesos at September 30, 2022, $422 million at December 31, 2021 and $878 million at September 30, 2021. The maximum maturity dates are in 2022 at September 30, 2022 and are in 2023 at December 31, 2021 and September 30, 2021. (d) The notional amounts of the fair value hedges of foreign exchange risk were $850 million at September 30, 2022 and $400 million at December 31, 2021. The maximum maturity dates are in 2030 at September 30, 2022 and December 31, 2021. (e) The notional amounts of the net investment hedges were €324 million at September 30, 2022 and €311 million at December 31, 2021 and September 30, 2021. The maximum maturity dates are in 2026 for September 30, 2022, 2027 for December 31, 2021 and 2027 for September 30, 2021. (f) The notional amounts of the foreign exchange derivative contracts were $448 million, $202 million and $291 million at September 30, 2022, December 31, 2021 and September 30, 2021, respectively. The maximum maturity dates are in 2023 for September 30, 2022 and in 2022 for December 31, 2021 and September 30, 2021. ​ ​ ​ ​
Effects of derivative instruments on the results of operations	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Gain (Loss) Recognized in OCI (Effective Portion) ​ ​ Gain (Loss) Reclassified from Accumulated OCI into Income (Effective Portion) (1) ​ ​ ​ Three months ended September 30, ​ ​ Three months ended September 30, ​ Derivatives designated as hedging instruments: 2022 ​ 2021 ​ ​ 2022 ​ 2021 ​ Cash Flow Hedges ​ ​ ​ ​ ​ ​ ​ ​ Commodity forward contracts and collars(a) ​ $ 7 ​ $ — ​ ​ $ 4 ​ $ — ​ Cash flow hedges of foreign exchange risk (b) ​ ​ ​ ​ ​ 24 ​ ​ ​ ​ ​ ​ 24 ​ Net Investment Hedges ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net Investment Hedges (c) ​ ​ 23 ​ ​ 14 ​ ​ ​ 2 ​ ​ 1 ​ ​ ​ $ 30 ​ $ 38 ​ ​ $ 6 ​ $ 25 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Gain (Loss) Recognized in OCI (Effective Portion) ​ ​ Gain (Loss) Reclassified from Accumulated OCI into Income (Effective Portion) (1) ​ ​ ​ Nine months ended September 30, ​ ​ Nine months ended September 30, ​ Derivatives designated as hedging instruments: 2022 ​ 2021 ​ ​ 2022 ​ 2021 ​ Cash Flow Hedges ​ ​ ​ ​ ​ ​ ​ ​ Commodity forward contracts and collars (a) ​ $ 4 ​ $ — ​ ​ $ 6 ​ $ — ​ Cash flow hedges of foreign exchange risk (b) ​ ​ 13 ​ ​ 56 ​ ​ ​ 14 ​ ​ 57 ​ Net Investment Hedges ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net Investment Hedges (c) ​ ​ 55 ​ ​ 29 ​ ​ ​ 5 ​ ​ 2 ​ ​ ​ $ 72 ​ $ 85 ​ ​ $ 25 ​ $ 59 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Amount of Gain (Loss) Recognized in Other income (expense), net ​ ​ ​ Amount of Gain (Loss) Recognized in Other income (expense), net ​ ​ Three months ended September 30, ​ ​ ​ Nine months ended September 30, Derivatives not designated as hedges: 2022 ​ 2021 ​ ​ ​ 2022 ​ 2021 Foreign exchange derivative contracts $ (16) $ 2 ​ $ (32) ​ $ 9 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (1) Gains and losses reclassified from Accumulated OCI and recognized in income are recorded to (a) cost of goods sold, (b) other income (expense), net or (c) interest expense, net.

Restructuring Accruals (Tables)

Restructuring Accruals (Tables)	9 Months Ended
	Sep. 30, 2022
Restructuring Accruals
Selected information related to the restructuring accruals	Selected information related to the restructuring accruals for the three months ended September 30, 2022 and 2021 is as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Employee ​ Asset ​ Other ​ Total ​ Costs ​ Impairment ​ Exit Costs ​ Restructuring Balance at July 1, 2022 ​ $ 17 ​ $ ​ ​ $ 15 ​ $ 32 Charges ​ ​ 3 ​ ​ 6 ​ ​ 1 ​ ​ 10 Write-down of assets to net realizable value ​ ​ ​ ​ ​ (6) ​ ​ ​ ​ ​ (6) Net cash paid, principally severance and related benefits ​ (2) ​ ​ ​ ​ ​ (4) ​ (6) Other, including foreign exchange translation ​ (1) ​ ​ ​ ​ ​ ​ ​ (1) Balance at September 30, 2022 ​ $ 17 ​ $ — ​ $ 12 ​ $ 29 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Employee ​ Asset ​ Other ​ Total ​ ​ Costs ​ Impairment ​ Exit Costs ​ Restructuring Balance at July 1, 2021 ​ $ 32 ​ $ — ​ $ 12 ​ $ 44 Charges ​ ​ ​ ​ ​ 1 ​ ​ 11 ​ ​ 12 Write-down of assets to net realizable value ​ ​ ​ ​ ​ (1) ​ ​ ​ ​ ​ (1) Net cash paid, principally severance and related benefits ​ (4) ​ ​ ​ ​ ​ (1) ​ (5) Balance at September 30, 2021 ​ $ 28 ​ $ — ​ $ 22 ​ $ 50 ​ Selected information related to the restructuring accruals for the nine months ended September 30, 2022 and 2021 is as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Employee ​ Asset ​ Other ​ Total ​ ​ Costs ​ Impairment ​ Exit Costs ​ Restructuring Balance at January 1, 2022 ​ $ 20 ​ $ — ​ $ 11 ​ $ 31 Charges ​ ​ 6 ​ ​ 7 ​ ​ 8 ​ ​ 21 Write-down of assets to net realizable value ​ ​ ​ ​ ​ (7) ​ ​ ​ ​ ​ (7) Net cash paid, principally severance and related benefits ​ (7) ​ ​ ​ ​ ​ (7) ​ (14) Other, including foreign exchange translation ​ (2) ​ ​ ​ ​ ​ ​ ​ (2) Balance at September 30, 2022 ​ $ 17 ​ $ — ​ $ 12 ​ $ 29 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Employee ​ Asset ​ Other ​ Total ​ ​ Costs ​ Impairment ​ Exit Costs ​ Restructuring Balance at January 1, 2021 ​ $ 38 ​ $ — ​ $ 7 ​ $ 45 Charges ​ ​ 2 ​ ​ 1 ​ ​ 17 ​ ​ 20 Write-down of assets to net realizable value ​ ​ ​ ​ ​ (1) ​ ​ ​ ​ ​ (1) Net cash paid, principally severance and related benefits ​ (11) ​ ​ ​ ​ ​ (3) ​ ​ (14) Other, including foreign exchange translation ​ (1) ​ ​ ​ ​ ​ 1 ​ ​ — Balance at September 30, 2021 ​ $ 28 ​ $ — ​ $ 22 ​ $ 50

Pension Benefit Plans (Tables)

Pension Benefit Plans (Tables)	9 Months Ended
	Sep. 30, 2022
Pension Benefit Plans
Defined Benefit Plans and Other Postretirement Benefit Plans
Components of net periodic pension cost	The components of the net periodic pension cost for the three months ended September 30, 2022 and 2021 are as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ U.S. ​ Non-U.S. ​ ​ Three months ended September 30, ​ Three months ended September 30, ​ ​ 2022 2021 2022 2021 Service cost ​ $ 3 ​ $ 3 ​ $ 2 ​ $ 3 ​ Interest cost ​ 9 ​ 10 ​ 6 ​ 5 ​ Expected asset return ​ ​ (15) ​ ​ (21) ​ ​ (8) ​ ​ (11) ​ Amortization of actuarial loss ​ ​ 10 ​ ​ 16 ​ ​ 2 ​ ​ 3 ​ Net periodic pension cost ​ $ 7 ​ $ 8 ​ $ 2 ​ $ — ​ ​ The components of the net periodic pension cost for the nine months ended September 30, 2022 and 2021 are as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ U.S. ​ Non-U.S. ​ ​ Nine months ended September 30, ​ Nine months ended September 30, ​ ​ 2022 2021 2022 2021 Service cost ​ $ 9 ​ $ 9 ​ $ 7 ​ $ 9 ​ Interest cost ​ 26 ​ 30 ​ 16 ​ 15 ​ Expected asset return ​ ​ (45) ​ ​ (63) ​ ​ (25) ​ ​ (34) ​ Amortization of actuarial loss ​ ​ 30 ​ ​ 48 ​ ​ 7 ​ ​ 10 ​ Net periodic pension cost ​ $ 20 ​ $ 24 ​ $ 5 ​ $ — ​

Debt (Tables)

Debt (Tables)	9 Months Ended
	Sep. 30, 2022
Debt
Long-term Debt	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, ​ December 31, ​ September 30, ​ ​ 2022 2021 2021 ​ Secured Credit Agreement: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Revolving Credit Facility: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Revolving Loans ​ $ — ​ $ — ​ $ — ​ Term Loans: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Term Loan A ​ ​ 1,444 ​ ​ ​ ​ ​ ​ ​ Previous Secured Credit Agreement: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Revolving Credit Facility: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Revolving Loans ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Term Loans: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Term Loan A ​ ​ ​ ​ ​ 923 ​ ​ 1,068 ​ Other secured debt ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Senior Notes: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 4.00%, due 2023 ​ ​ ​ ​ ​ ​ ​ ​ 308 ​ 5.875%, due 2023 ​ ​ 249 ​ ​ 695 ​ ​ 694 ​ 3.125%, due 2024 (€725 million) ​ ​ 674 ​ ​ 826 ​ ​ 854 ​ 6.375%, due 2025 ​ ​ 298 ​ ​ 297 ​ ​ 297 ​ 5.375%, due 2025 ​ ​ 299 ​ ​ 298 ​ ​ 298 ​ 2.875%, due 2025 (€500 million) ​ ​ 487 ​ ​ 561 ​ ​ 574 ​ 6.625%, due 2027 ​ ​ 606 ​ ​ 693 ​ ​ 693 ​ 4.750%, due 2030 ​ ​ 396 ​ ​ 395 ​ ​ ​ ​ Finance leases ​ ​ 103 ​ ​ 98 ​ ​ 99 ​ Other ​ 4 ​ ​ 5 ​ ​ 5 ​ Total long-term debt ​ 4,560 ​ 4,791 ​ ​ 4,890 ​ Less amounts due within one year ​ 280 ​ ​ 38 ​ ​ 37 ​ Long-term debt ​ $ 4,280 ​ $ 4,753 ​ $ 4,853 ​
Fair values of the Company's significant fixed rate debt obligations	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Principal ​ Indicated Market ​ ​ ​ ​ Amount Price Fair Value ​ Senior Notes: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 5.875%, due 2023 ​ $ 250 ​ $ 99.61 ​ $ 249 ​ 3.125%, due 2024 (€725 million) ​ ​ 711 ​ ​ 93.17 ​ ​ 662 ​ 6.375%, due 2025 ​ ​ 300 ​ ​ 94.40 ​ ​ 283 ​ 5.375%, due 2025 ​ ​ 300 ​ ​ 92.89 ​ ​ 279 ​ 2.875%, due 2025 (€500 million) ​ ​ 490 ​ ​ 90.16 ​ ​ 442 ​ 6.625%, due 2027 ​ ​ 612 ​ ​ 90.45 ​ ​ 554 ​ 4.750% due 2030 ​ ​ 400 ​ ​ 79.94 ​ ​ 320 ​

Share Owners' Equity (Tables)

Share Owners' Equity (Tables)	9 Months Ended
	Sep. 30, 2022
Share Owners' Equity
Activity in share owner's equity	The activity in share owners’ equity for the three months ended September 30, 2022 and 2021 is as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Share Owners’ Equity of the Company ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Accumulated ​ ​ ​ ​ ​ ​ ​ ​ Capital in ​ ​ ​ ​ ​ ​ ​ Other ​ Non- ​ Total Share ​ ​ ​ Common ​ Excess of ​ Treasury ​ ​ Retained Comprehensive ​ controlling ​ Owners' ​ ​ ​ Stock ​ Par Value ​ Stock ​ Earnings ​ Loss ​ Interests ​ Equity ​ Balance on July 1, 2022 ​ $ 2 ​ $ 3,085 ​ ​ (695) ​ $ 641 ​ $ (1,890) ​ $ 116 ​ $ 1,259 ​ Reissuance of common stock (0.2 million shares) ​ ​ ​ ​ ​ (2) ​ ​ 4 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2 ​ Shares repurchased (0.8 million shares) ​ ​ ​ ​ ​ (10) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (10) ​ Stock compensation (0.0 million shares) ​ ​ ​ ​ ​ 10 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 10 ​ Net earnings ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 231 ​ ​ ​ ​ ​ 4 ​ 235 ​ Other comprehensive loss ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (37) ​ ​ (7) ​ (44) ​ Distribution to noncontrolling interests ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (1) ​ (1) ​ Balance on September 30, 2022 ​ $ 2 ​ $ 3,083 ​ $ (691) ​ $ 872 ​ $ (1,927) ​ $ 112 ​ $ 1,451 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Share Owners’ Equity of the Company ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Accumulated ​ ​ ​ ​ ​ ​ ​ ​ ​ Capital in ​ ​ ​ ​ ​ ​ Other ​ Non- ​ Total Share ​ ​ ​ Common ​ Excess of ​ Treasury ​ Retained ​ Comprehensive ​ controlling ​ Owners' ​ ​ Stock Par Value Stock ​ Earnings ​ Loss ​ Interests ​ Equity Balance on July 1, 2021 ​ $ 2 ​ $ 3,113 ​ $ (709) ​ $ 173 ​ $ (2,180) ​ $ 103 ​ $ 502 ​ Reissuance of common stock (0.2 million shares) ​ ​ ​ ​ ​ (1) ​ ​ 4 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 3 ​ Shares repurchased (0.6 million shares) ​ ​ ​ ​ ​ (10) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (10) ​ Stock compensation (0.0 million shares) ​ ​ ​ ​ ​ 3 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 3 ​ Net earnings ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 85 ​ ​ ​ ​ ​ 6 ​ 91 ​ Other comprehensive loss ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (18) ​ ​ (1) ​ (19) ​ Balance on September 30, 2021 ​ $ 2 ​ $ 3,105 ​ $ (705) ​ $ 258 ​ $ (2,198) ​ $ 108 ​ $ 570 ​ ​ The activity in share owners’ equity for the nine months ended September 30, 2022 and 2021 is as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Share Owners’ Equity of the Company ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Accumulated ​ ​ ​ ​ ​ ​ ​ ​ ​ Capital in ​ ​ ​ ​ ​ ​ ​ Other ​ Non- ​ Total Share ​ ​ ​ Common ​ Excess of ​ Treasury ​ Retained ​ Comprehensive ​ controlling ​ Owners' ​ ​ ​ Stock ​ Par Value ​ Stock ​ Earnings ​ Loss ​ Interests ​ Equity Balance on January 1, 2022 ​ $ 2 ​ $ 3,090 ​ $ (701) ​ $ 301 ​ $ (1,972) ​ $ 107 ​ $ 827 ​ Reissuance of common stock (0.6 million shares) ​ ​ ​ ​ ​ (5) ​ ​ 13 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 8 ​ Shares repurchased (2.3 million shares) ​ ​ ​ ​ ​ (30) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (30) ​ Stock compensation (0.5 million shares) ​ ​ ​ ​ ​ 28 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 28 ​ Net earnings ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 571 ​ ​ ​ ​ ​ 41 ​ ​ 612 ​ Other comprehensive income (loss) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 45 ​ ​ (9) ​ ​ 36 ​ Distributions to noncontrolling interests ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (27) ​ ​ (27) ​ Other ​ ​ ​ ​ ​ ​ ​ ​ (3) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (3) ​ Balance on September 30, 2022 ​ $ 2 ​ $ 3,083 ​ $ (691) ​ $ 872 ​ $ (1,927) ​ $ 112 ​ $ 1,451 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Share Owners’ Equity of the Company ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Accumulated ​ ​ ​ ​ ​ ​ ​ ​ ​ Capital in ​ ​ ​ ​ ​ ​ ​ Other ​ Non- ​ Total Share ​ ​ ​ Common ​ Excess of ​ Treasury ​ Retained ​ Comprehensive ​ controlling ​ Owners' ​ ​ ​ Stock ​ Par Value ​ Stock ​ Earnings ​ Loss ​ Interests ​ Equity Balance on January 1, 2021 ​ $ 2 ​ $ 3,129 ​ $ (714) ​ $ 152 ​ $ (2,272) ​ $ 104 ​ $ 401 ​ Issuance of common stock (0.05 million shares) ​ ​ ​ ​ ​ 1 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 1 ​ Reissuance of common stock (0.3 million shares) ​ ​ ​ ​ ​ (4) ​ ​ 11 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 7 ​ Shares repurchased (1.7 million shares) ​ ​ ​ ​ ​ (30) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (30) ​ Stock compensation (0.6 million shares) ​ ​ ​ ​ ​ 11 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 11 ​ Net earnings ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 106 ​ ​ ​ ​ ​ 17 ​ 123 ​ Other comprehensive income (loss) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 74 ​ ​ (14) ​ 60 ​ Other ​ ​ ​ ​ ​ (2) ​ ​ (2) ​ ​ ​ ​ ​ ​ ​ ​ 1 ​ ​ (3) ​ Balance on September 30, 2021 ​ $ 2 ​ $ 3,105 ​ $ (705) ​ $ 258 ​ $ (2,198) ​ $ 108 ​ $ 570 ​
Schedule of shares outstanding	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Shares Outstanding (in thousands) ​ ​ September 30, ​ December 31, ​ September 30, ​ 2022 2021 2021 ​ ​ ​ ​ ​ ​ ​ ​ Shares of common stock issued (including treasury shares) 186,180 ​ 187,752 ​ 188,426 ​ ​ ​ ​ ​ ​ ​ ​ ​ Treasury shares 31,042 ​ 31,397 ​ 31,599 ​

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Loss (Tables)	9 Months Ended
	Sep. 30, 2022
Accumulated Other Comprehensive Loss.
Component of accumulated other comprehensive loss	The activity in accumulated other comprehensive loss for the three months ended September 30, 2022 and 2021 is as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total ​ ​ ​ ​ ​ ​ ​ ​ ​ Accumulated ​ ​ ​ Net Effect of ​ Change in Certain ​ ​ ​ ​ Other ​ ​ ​ Exchange Rate ​ Derivative ​ Employee ​ Comprehensive ​ Fluctuations Instruments Benefit Plans Loss Balance on July 1, 2022 ​ $ (1,275) ​ $ 2 ​ $ (617) ​ $ (1,890) ​ Change before reclassifications ​ (92) ​ ​ 30 ​ ​ ​ ​ (62) ​ Amounts reclassified from accumulated other comprehensive loss ​ ​ ​ ​ ​ (6) (a) 17 (b) 11 ​ Translation effect ​ ​ ​ ​ ​ ​ ​ ​ 14 ​ ​ 14 ​ Other comprehensive income (loss) attributable to the Company ​ (92) ​ 24 ​ 31 ​ (37) ​ Balance on September 30, 2022 ​ $ (1,367) ​ $ 26 ​ $ (586) ​ $ (1,927) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Accumulated ​ ​ Net Effect of ​ Change in Certain ​ ​ ​ ​ Other ​ ​ ​ Exchange Rate ​ Derivative ​ Employee ​ Comprehensive ​ ​ Fluctuations Instruments Benefit Plans Loss Balance on July 1, 2021 ​ $ (1,187) ​ $ (47) ​ $ (946) ​ $ (2,180) Change before reclassifications ​ (109) ​ ​ 37 ​ ​ 47 ​ (25) ​ Amounts reclassified from accumulated other comprehensive income (loss) ​ ​ ​ ​ ​ (25) (a) 24 (b) (1) ​ Translation effect ​ ​ ​ ​ ​ ​ ​ ​ 7 ​ ​ 7 ​ Tax effect ​ ​ ​ ​ ​ 1 ​ ​ ​ ​ ​ 1 ​ Other comprehensive income (loss) attributable to the Company ​ (109) ​ 13 ​ 78 ​ (18) ​ Balance on September 30, 2021 ​ $ (1,296) ​ $ (34) ​ $ (868) ​ $ (2,198) ​ (a) Amount is recorded to Other income (expense), net and interest expense, net on the Condensed Consolidated Results of Operations (see Note 5 for additional information). (b) Amount is included in the computation of net periodic pension cost (see Note 7 for additional information) and net post-retirement benefit cost. The activity in accumulated other comprehensive loss for the nine months ended September 30, 2022 and 2021 is as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Accumulated ​ ​ Net Effect of ​ Change in Certain ​ ​ ​ ​ Other ​ ​ ​ Exchange Rate ​ Derivative ​ Employee ​ Comprehensive ​ ​ Fluctuations Instruments Benefit Plans Loss Balance on January 1, 2022 ​ $ (1,290) ​ $ (21) ​ $ (661) ​ $ (1,972) Change before reclassifications ​ (77) ​ ​ 73 ​ ​ (1) ​ (5) ​ Amounts reclassified from accumulated other comprehensive income (loss) ​ ​ ​ ​ ​ (25) (a) 41 (b) 16 ​ Translation effect ​ ​ ​ ​ ​ (1) ​ ​ 35 ​ ​ 34 ​ Other comprehensive income attributable to the Company ​ (77) ​ 47 ​ 75 ​ 45 ​ Balance on September 30, 2022 ​ $ (1,367) ​ $ 26 ​ $ (586) ​ $ (1,927) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Accumulated ​ ​ Net Effect of ​ Change in Certain ​ ​ ​ ​ Other ​ ​ ​ Exchange Rate ​ Derivative ​ Employee ​ Comprehensive ​ ​ Fluctuations Instruments Benefit Plans Loss Balance on January 1, 2021 ​ $ (1,229) ​ $ (60) ​ $ (983) ​ $ (2,272) Change before reclassifications ​ (67) ​ ​ 83 ​ ​ 45 ​ 61 ​ Amounts reclassified from accumulated other comprehensive income (loss) ​ ​ ​ ​ ​ (59) (a) 63 (b) 4 ​ Translation effect ​ ​ ​ ​ ​ 1 ​ ​ 7 ​ ​ 8 ​ Tax effect ​ ​ ​ ​ ​ 1 ​ ​ ​ 1 ​ Other comprehensive income (loss) attributable to the Company ​ (67) ​ 26 ​ 115 ​ 74 ​ Balance on September 30, 2021 ​ $ (1,296) ​ $ (34) ​ $ (868) ​ $ (2,198) ​ (a) Amount is recorded to Other income (expense), net and interest expense, net on the Condensed Consolidated Results of Operations (see Note 5 for additional information). (b) Amount is included in the computation of net periodic pension cost (see Note 7 for additional information) and net post-retirement benefit cost.

Other Income (Expense), Net (Ta

Other Income (Expense), Net (Tables)	9 Months Ended
	Sep. 30, 2022
Other Income (Expense), Net
Schedule of other income (expense), net	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three months ended September 30, ​ Nine months ended September 30, ​ 2022 2021 2022 2021 Gain on sale of divested business (see Note 17) ​ $ ​ ​ $ ​ ​ $ 55 ​ $ ​ Gain on sale leasebacks (see Note 17) ​ ​ 153 ​ ​ ​ ​ ​ 334 ​ ​ ​ Restructuring, asset impairment and other charges ​ ​ (10) ​ ​ (12) ​ ​ (21) ​ ​ (21) Brazil indirect tax credit (see Note 10) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 69 Pension settlement charges ​ ​ (5) ​ ​ (5) ​ ​ (5) ​ ​ (5) Charge related to Paddock support agreement liability (see Note 10) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (154) Intangible amortization expense ​ ​ (8) ​ ​ (9) ​ ​ (24) ​ ​ (26) Foreign currency exchange loss ​ ​ (3) ​ ​ (1) ​ ​ (4) ​ ​ (3) Royalty income ​ ​ 7 ​ ​ 6 ​ ​ 18 ​ ​ 17 Other income (expense), net ​ $ 134 ​ $ (21) ​ $ 353 ​ $ (123)

Earnings Per Share (Tables)

Earnings Per Share (Tables)	9 Months Ended
	Sep. 30, 2022
Earnings Per Share
Computation of basic and diluted earnings per share	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three months ended September 30, ​ 2022 2021 Numerator: ​ ​ Net earnings attributable to the Company ​ $ 231 ​ $ 85 Denominator (in thousands): ​ ​ ​ ​ ​ ​ Denominator for basic earnings per share-weighted average shares outstanding ​ 155,115 ​ ​ 156,825 Effect of dilutive securities: ​ ​ ​ ​ ​ ​ Stock options and other ​ 3,820 ​ 3,686 Denominator for diluted earnings per share-adjusted weighted average shares outstanding ​ 158,935 ​ ​ 160,511 Basic earnings per share: ​ ​ ​ ​ ​ ​ Earnings from continuing operations attributable to the Company ​ $ 1.49 ​ $ 0.49 Gain from discontinued operations ​ ​ ​ 0.05 Net earnings attributable to the Company ​ $ 1.49 ​ $ 0.54 Diluted earnings per share: ​ ​ ​ ​ ​ ​ Earnings from continuing operations attributable to the Company ​ $ 1.45 ​ $ 0.48 Gain from discontinued operations ​ ​ ​ 0.05 Net earnings attributable to the Company ​ $ 1.45 ​ $ 0.53 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Nine months ended September 30, ​ 2022 2021 Numerator: ​ ​ ​ Net earnings attributable to the Company ​ $ 571 ​ $ 106 Denominator (in thousands): ​ ​ ​ ​ ​ ​ Denominator for basic earnings per share-weighted average shares outstanding ​ 155,546 ​ 157,430 Effect of dilutive securities: ​ ​ ​ ​ ​ ​ Stock options and other ​ 3,346 ​ 3,043 Denominator for diluted earnings per share-adjusted weighted average shares outstanding ​ 158,892 ​ 160,473 Basic earnings per share: ​ ​ ​ ​ ​ ​ Earnings from continuing operations attributable to the Company ​ $ 3.67 ​ $ 0.62 Gain from discontinued operations ​ ​ ​ 0.05 Net earnings attributable to the Company ​ $ 3.67 ​ $ 0.67 Diluted earnings per share: ​ ​ ​ ​ ​ ​ Earnings from continuing operations attributable to the Company ​ $ 3.59 ​ $ 0.61 Gain from discontinued operations ​ ​ ​ 0.05 Net earnings attributable to the Company ​ $ 3.59 ​ $ 0.66

Supplemental Cash Flow Inform_2

Supplemental Cash Flow Information (Tables)	9 Months Ended
	Sep. 30, 2022
Supplemental Cash Flow Information
Income taxes paid (received) in cash	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Nine months ended September 30, ​ ​ 2022 2021 U.S. ​ $ 9 ​ $ 6 ​ Non-U.S. ​ 128 ​ 58 ​ Total income taxes paid in cash ​ $ 137 ​ $ 64 ​

Segment Information (Details)

Segment Information (Details)	9 Months Ended
	Sep. 30, 2022 segment
Segment Information
Number of reportable segments	2
Number of operating segments	2

Segment Information - Reportabl

Segment Information - Reportable Segments - Net Sales (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Net sales:
Net sales	$ 1,693	$ 1,609	$ 5,163	$ 4,770
Reportable Segment Totals
Net sales:
Net sales	1,667	1,580	5,051	4,691
Americas
Net sales:
Net sales	987	925	2,898	2,652
Europe
Net sales:
Net sales	680	655	2,153	2,039
Other
Net sales:
Net sales	$ 26	$ 29	$ 112	$ 79

Segment Information - Reporta_2

Segment Information - Reportable Segments - Segment Operating Profits and Reporting Segment Totals (Details) - USD ($) $ in Millions	3 Months Ended			9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Jun. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Segment operating profit:
Earnings (loss) before income taxes	$ 278	$ 127		$ 776	$ 260
Items excluded from segment operating profit:
Retained corporate costs and other	63	49		165	126
Gain on sale of divested business				(55)
Gain on sale leasebacks	(153)			(334)
Restructuring, asset impairment and other charges	10	12		21	21
Brazil indirect tax credit			$ (69)		(69)
Charge related to Paddock support agreement					154
Pension settlement charges	5	5		5	5
Interest expense, net	63	50		175	153
Segment operating profit
Segment operating profit	266	243		753	650
Americas
Segment operating profit
Segment operating profit	130	133		388	357
Europe
Segment operating profit
Segment operating profit	$ 136	$ 110		$ 365	$ 293

Segment Information - Total Ass

Segment Information - Total Assets (Details) - USD ($) $ in Millions	Sep. 30, 2022	Dec. 31, 2021	Sep. 30, 2021
Assets
Total assets:	$ 8,644	$ 8,832	$ 8,766
Reportable Segment Totals
Assets
Total assets:	8,194	8,366	8,382
Americas
Assets
Total assets:	5,020	4,853	4,925
Europe
Assets
Total assets:	3,174	3,513	3,457
Other
Assets
Total assets:	$ 450	$ 466	$ 384

Revenue (Details)

Revenue (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Disaggregation of Revenue
Net sales	$ 1,693	$ 1,609	$ 5,163	$ 4,770
Reportable Segment Totals
Disaggregation of Revenue
Net sales	1,667	1,580	5,051	4,691
Americas
Disaggregation of Revenue
Net sales	987	925	2,898	2,652
Europe
Disaggregation of Revenue
Net sales	680	655	2,153	2,039
Other
Disaggregation of Revenue
Net sales	26	29	112	79
Alcoholic beverages (beer, wine, spirits)
Disaggregation of Revenue
Net sales	1,121	1,028	3,421	3,117
Alcoholic beverages (beer, wine, spirits) | Americas
Disaggregation of Revenue
Net sales	612	561	1,800	1,610
Alcoholic beverages (beer, wine, spirits) | Europe
Disaggregation of Revenue
Net sales	509	467	1,621	1,507
Food and other
Disaggregation of Revenue
Net sales	318	339	962	993
Food and other | Americas
Disaggregation of Revenue
Net sales	205	215	617	627
Food and other | Europe
Disaggregation of Revenue
Net sales	113	124	345	366
Non-alcoholic beverages
Disaggregation of Revenue
Net sales	228	213	668	581
Non-alcoholic beverages | Americas
Disaggregation of Revenue
Net sales	170	149	481	415
Non-alcoholic beverages | Europe
Disaggregation of Revenue
Net sales	$ 58	$ 64	$ 187	$ 166

Credit Losses (Details)

Credit Losses (Details) - USD ($) $ in Millions	Sep. 30, 2022	Dec. 31, 2021	Sep. 30, 2021
Credit Losses
Accounts receivable, net	$ 892	$ 692	$ 793
Allowance for doubtful accounts	$ 28	$ 28	$ 31

Inventories (Details)

Inventories (Details) - USD ($) $ in Millions	Sep. 30, 2022	Dec. 31, 2021	Sep. 30, 2021
Inventories
Finished goods	$ 623	$ 659	$ 651
Raw materials	131	119	120
Operating supplies	38	38	37
Inventories	$ 792	$ 816	$ 808

Derivative Instruments - Deriva

Derivative Instruments - Derivatives and Hedges (Details) - USD ($) $ in Millions	9 Months Ended	12 Months Ended
	Sep. 30, 2022	Dec. 31, 2021	Sep. 30, 2021
Commodity forward contracts and collars | Cash Flow Hedges
Derivatives and Hedges
Unrecognized gain (loss) included in Accumulated OCI	$ (2)
Foreign exchange risk | Cash Flow Hedges
Derivatives and Hedges
Unrecognized gain (loss) included in Accumulated OCI	0	$ 6	$ 9
Foreign exchange risk | Fair Value Hedges
Derivatives and Hedges
Amount excluded from assessment of effectiveness and included in Accumulated OCI	$ 7	$ 4

Derivative Instruments - Balanc

Derivative Instruments - Balance Sheet Classification (Details) € in Millions, $ / BTU in Millions, $ in Millions, $ in Millions	9 Months Ended
	Sep. 30, 2022 USD ($) $ / BTU	Sep. 30, 2022 EUR (€)	Sep. 30, 2022 MXN ($)	Dec. 31, 2021 USD ($)	Dec. 31, 2021 EUR (€)	Sep. 30, 2021 USD ($)	Sep. 30, 2021 EUR (€)
Derivatives, Fair Value
Total asset derivatives	$ 109			$ 19		$ 21
Total liability derivatives	59			44		87
Current derivative asset	25			14		15
Current derivative liability	31			2		4
Noncurrent derivative asset	84			5		6
Noncurrent derivative liability	28			42		83
Derivatives designated as hedging instruments
Derivatives, Fair Value
Total asset derivatives	107			18		20
Total liability derivatives	$ 42			42		83
Derivatives designated as hedging instruments | Commodity forward contracts and collars
Derivatives, Fair Value
British Thermal Units ("BTUs") | $ / BTU	44
Total asset derivatives	$ 3
Total liability derivatives	2
Derivatives designated as hedging instruments | Foreign exchange risk
Derivatives, Fair Value
Notional amount	850			400
Total asset derivatives	68			9
Derivatives designated as hedging instruments | Interest rate swaps - fair value hedges
Derivatives, Fair Value
Notional amount | €		€ 725			€ 725		€ 725
Total asset derivatives				4		9
Total liability derivatives	39			2		1
Derivatives designated as hedging instruments | Cash flow hedges of foreign exchange risk
Derivatives, Fair Value
Notional amount			$ 259	422		878
Total asset derivatives				2		9
Total liability derivatives	1			23		54
Derivatives designated as hedging instruments | Net investment hedges
Derivatives, Fair Value
Notional amount | €		€ 324			€ 311		€ 311
Total asset derivatives	36			3		2
Total liability derivatives				17		28
Derivatives not designated as hedging instruments | Foreign exchange contracts
Derivatives, Fair Value
Notional amount	448			202		291
Total asset derivatives	2			1		1
Total liability derivatives	$ 17			$ 2		$ 4

Derivative Instruments - Effect

Derivative Instruments - Effects of Derivative Instruments (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Derivatives not designated as hedging instruments | Foreign exchange contracts
Derivatives and Hedges
Amount of Gain (Loss) Recognized in Other income (expense), net	$ (16)	$ 2	$ (32)	$ 9
Derivatives designated as hedging instruments
Derivatives and Hedges
Gain (Loss) Recognized in OCI (Effective Portion)	30	38	72	85
Gain (Loss) Reclassified from Accumulated OCI into Income (Effective Portion)	6	25	25	59
Derivatives designated as hedging instruments | Net Investment Hedges | Interest expense, net
Derivatives and Hedges
Gain (Loss) Recognized in OCI (Effective Portion)	23	14	55	29
Gain (Loss) Reclassified from Accumulated OCI into Income (Effective Portion)	2	1	5	2
Derivatives designated as hedging instruments | Commodity forward contracts and collars | Cash Flow Hedges | Cost of goods sold
Derivatives and Hedges
Gain (Loss) Recognized in OCI (Effective Portion)	7		4
Gain (Loss) Reclassified from Accumulated OCI into Income (Effective Portion)	$ 4		6
Derivatives designated as hedging instruments | Foreign exchange risk | Cash Flow Hedges | Other Expense
Derivatives and Hedges
Gain (Loss) Recognized in OCI (Effective Portion)		24	13	56
Gain (Loss) Reclassified from Accumulated OCI into Income (Effective Portion)		$ 24	$ 14	$ 57

Restructuring Accruals (Details

Restructuring Accruals (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Restructuring accrual
Beginning balance, restructuring reserve	$ 32	$ 44	$ 31	$ 45
Charges	10	12	21	20
Write-down of assets to net realizable value	(6)	(1)	(7)	(1)
Net cash paid, principally severance and related benefits	(6)	(5)	(14)	(14)
Other, including foreign exchange translation	(1)		(2)
Ending balance, restructuring reserve	29	50	29	50
Restructuring, Additional Information
Miscellaneous other costs		0		0
Carrying value of impaired assets	5		5
Employee Costs
Restructuring accrual
Beginning balance, restructuring reserve	17	32	20	38
Charges	3		6	2
Net cash paid, principally severance and related benefits	(2)	(4)	(7)	(11)
Other, including foreign exchange translation	(1)		(2)	(1)
Ending balance, restructuring reserve	17	28	17	28
Asset Impairment
Restructuring accrual
Charges	6	1	7	1
Write-down of assets to net realizable value	(6)	(1)	(7)	(1)
Other Exit Costs
Restructuring accrual
Beginning balance, restructuring reserve	15	12	11	7
Charges	1	11	8	17
Net cash paid, principally severance and related benefits	(4)	(1)	(7)	(3)
Other, including foreign exchange translation				1
Ending balance, restructuring reserve	$ 12	$ 22	$ 12	$ 22

Pension Benefit Plans (Details)

Pension Benefit Plans (Details) - Pension Benefit Plans - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Components of net periodic pension cost
Settlements	$ 5		$ 5	$ 5
Decrease in benefit liability		$ 46		46
Funded Plan | U.S.
Components of net periodic pension cost
Service cost	3	3	9	9
Interest cost	9	10	26	30
Expected asset return	(15)	(21)	(45)	(63)
Amortization of actuarial loss	10	16	30	48
Net periodic pension cost	7	8	20	24
Funded Plan | Non-US
Components of net periodic pension cost
Service cost	2	3	7	9
Interest cost	6	5	16	15
Expected asset return	(8)	(11)	(25)	(34)
Amortization of actuarial loss	2	$ 3	7	$ 10
Net periodic pension cost	$ 2		$ 5

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Millions	3 Months Ended	9 Months Ended
	Jun. 30, 2022	Sep. 30, 2022
Income Taxes
Statutory U.S. Federal tax rate (as a percent)		21%
Mexican Tax Authority
Income Taxes
Settlement of tax audit	$ 38

Debt (Details)

Debt (Details) $ / shares in Units, € in Millions, $ in Millions	1 Months Ended		3 Months Ended		9 Months Ended
	Aug. 31, 2022 USD ($)	Nov. 30, 2021 USD ($)	Sep. 30, 2022 USD ($) $ / shares	Mar. 31, 2022 USD ($)	Sep. 30, 2022 USD ($) agreement $ / shares	Sep. 30, 2022 EUR (€)	Jul. 18, 2022 USD ($)	Mar. 25, 2022 USD ($)	Mar. 01, 2022 USD ($)	Feb. 28, 2022 USD ($)	Feb. 10, 2022 USD ($)	Dec. 31, 2021 USD ($)	Dec. 31, 2021 EUR (€)	Sep. 30, 2021 USD ($)	Sep. 30, 2021 EUR (€)
Debt Instrument
Total long-term debt			$ 4,560		$ 4,560							$ 4,791		$ 4,890
Less amounts due within one year			280		280							38		37
Long-term debt			4,280		$ 4,280							4,753		4,853
Additional interest charges for note repurchase premiums and write-off of unamortized finance fees			1
Maximum Borrowing Capacity								$ 2,800
Additional interest charges for related party fees				$ 2
Paddock
Debt Instrument
Face value							$ 8.5
Maximum
Debt Instrument
Leverage Ratio					2.50
Secured Credit Agreement
Debt Instrument
Unused Credit			$ 1,240		$ 1,240
Number of financial maintenance covenants | agreement					1
Additional default interest rate per annum applied to all obligations owed under the Agreement					2%
Secured Credit Agreement | Minimum
Debt Instrument
Interest rate margin, Term SOFR loans and Euro currency rate loans			1%		1%	1%
Interest rate margin, Base Rate loans (as a percent)					0%
Secured Credit Agreement | Maximum
Debt Instrument
Interest rate margin, Term SOFR loans and Euro currency rate loans			2.25%		2.25%	2.25%
Interest rate margin, Base Rate loans (as a percent)					1.25%
Revolving Loans | Minimum
Debt Instrument
Facility fee payable (as a percent)					0.20%
Revolving Loans | Maximum
Debt Instrument
Facility fee payable (as a percent)					0.35%
Revolving Loans
Debt Instrument
Weighted average interest rate (as a percent)			4.81%		4.81%	4.81%
Term Loan A
Debt Instrument
Total long-term debt			$ 1,444		$ 1,444
Maximum Borrowing Capacity			$ 1,450		1,450
Term Loan A
Debt Instrument
Total long-term debt												923		1,068
Debt redeemed		$ 128
Senior Notes
Debt Instrument
Additional interest charges for note repurchase premiums and write-off of unamortized finance fees		$ 13			$ 16
Senior Notes 4.00%, due 2023
Debt Instrument
Total long-term debt														308
Interest rate, stated percentage			4%		4%	4%
Weighted average interest rate		4%
Debt redeemed		$ 310
Increase in long term debt, net of debt issuance costs		395
Senior Notes 5.875%, due 2023
Debt Instrument
Total long-term debt			$ 249		$ 249							695		694
Interest rate, stated percentage	5.875%		5.875%		5.875%	5.875%			5.875%	5.875%	5.875%
Debt repurchased amount										$ 150	$ 250
Debt redeemed	$ 300
Additional interest charges for note repurchase premiums and write-off of unamortized finance fees					$ 7
Fair values of fixed rate debt obligations
Principal Amount			$ 250		$ 250				$ 550
Indicated Market Price (in dollars per share) | $ / shares			$ 99.61		$ 99.61
Fair Value			$ 249		$ 249
Senior Notes 3.125%, due 2024 (725 million EUR)
Debt Instrument
Total long-term debt			$ 674		$ 674	€ 725						826	€ 725	854	€ 725
Interest rate, stated percentage			3.125%		3.125%	3.125%
Fair values of fixed rate debt obligations
Principal Amount			$ 711		$ 711
Indicated Market Price (in dollars per share) | $ / shares			$ 93.17		$ 93.17
Fair Value			$ 662		$ 662
Senior Notes 6.375%, due 2025
Debt Instrument
Total long-term debt			$ 298		$ 298							297		297
Interest rate, stated percentage			6.375%		6.375%	6.375%					6.375%
Fair values of fixed rate debt obligations
Principal Amount			$ 300		$ 300
Indicated Market Price (in dollars per share) | $ / shares			$ 94.40		$ 94.40
Fair Value			$ 283		$ 283
Senior Notes, 5.375% due 2025
Debt Instrument
Total long-term debt			$ 299		$ 299							298		298
Interest rate, stated percentage			5.375%		5.375%	5.375%					5.375%
Fair values of fixed rate debt obligations
Principal Amount			$ 300		$ 300
Indicated Market Price (in dollars per share) | $ / shares			$ 92.89		$ 92.89
Fair Value			$ 279		$ 279
Senior Notes 2.875%, due 2025 (500 million EUR)
Debt Instrument
Total long-term debt			$ 487		$ 487	€ 500						561	€ 500	574	€ 500
Interest rate, stated percentage			2.875%		2.875%	2.875%
Fair values of fixed rate debt obligations
Principal Amount			$ 490		$ 490
Indicated Market Price (in dollars per share) | $ / shares			$ 90.16		$ 90.16
Fair Value			$ 442		$ 442
Senior Notes 6.625%, due 2027
Debt Instrument
Total long-term debt			$ 606		$ 606							693		693
Interest rate, stated percentage			6.625%		6.625%	6.625%			6.625%	6.625%	6.625%
Debt repurchased amount										$ 88.2
Fair values of fixed rate debt obligations
Principal Amount			$ 612		$ 612				$ 611.8
Indicated Market Price (in dollars per share) | $ / shares			$ 90.45		$ 90.45
Fair Value			$ 554		$ 554
Senior Notes 4.75% due 2030
Debt Instrument
Total long-term debt		$ 400	$ 396		$ 396							395
Interest rate, stated percentage		4.75%	4.75%		4.75%	4.75%
Fair values of fixed rate debt obligations
Principal Amount			$ 400		$ 400
Indicated Market Price (in dollars per share) | $ / shares			$ 79.94		$ 79.94
Fair Value			$ 320		$ 320
Finance leases
Debt Instrument
Total long-term debt			103		103							98		99
Other debt
Debt Instrument
Total long-term debt			4		4							$ 5		$ 5
Revolving Credit Facility
Debt Instrument
Maximum Borrowing Capacity			300		300
Delayed draw term loan facility
Debt Instrument
Maximum Borrowing Capacity								600
Term loans in aggregate
Debt Instrument
Maximum Borrowing Capacity								$ 500
Multicurrency Revolving Credit Facility
Debt Instrument
Maximum Borrowing Capacity			$ 950		$ 950

Contingencies - Asbestos (Detai

Contingencies - Asbestos (Details) - USD ($) $ in Millions			3 Months Ended	9 Months Ended
	Jul. 20, 2022	Jul. 18, 2022	Sep. 30, 2022	Sep. 30, 2022	Sep. 30, 2021	Jul. 08, 2022	Dec. 31, 2021	Jan. 06, 2020
Loss contingencies
Sale of goods containing asbestos from 1948 to 1958				$ 40
Cash								$ 47
Liability from deconsolidation					$ 625		$ 625	$ 471
Charge related to Paddock support agreement					154
Settlement consideration						$ 610
Funding to trust		$ 601.5
Funding to trust through borrowings		600
Funding to trust through cash		1.5
Total assets			$ 8,644	8,644	8,766		8,832
Cash and cash equivalents			523	523	628		$ 725
Operating cash outflow				$ (224)	$ 449
Paddock
Loss contingencies
Face value		$ 8.5
Deconsolidation investing outflow	$ 8.5
Total assets	18
Cash and cash equivalents	12
Liabilities	$ 30
Operating cash outflow			$ 618

Contingencies - Other Matters (

Contingencies - Other Matters (Details) - USD ($) $ in Millions	3 Months Ended	9 Months Ended
	Jun. 30, 2021	Sep. 30, 2021
Contingencies
Gain from favorable court ruling	$ 69	$ 69
Income tax expense related to litigation settlement	$ 28

Share Owners' Equity - Rollforw

Share Owners' Equity - Rollforward (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Increase (Decrease) in Share Owners' Equity
Balance	$ 1,259	$ 502	$ 827	$ 401
Issuance of common stock				1
Reissuance of common stock	2	3	8	7
Shares repurchased	(10)	(10)	(30)	(30)
Stock compensation	10	3	28	11
Net earnings	235	91	612	123
Other comprehensive income (loss)	(44)	(19)	36	60
Distributions to noncontrolling interests	(1)		(27)
Other			(3)	(3)
Balance	1,451	570	1,451	570
Common Stock
Increase (Decrease) in Share Owners' Equity
Balance	2	2	2	2
Balance	2	2	2	2
Capital in Excess of Par Value
Increase (Decrease) in Share Owners' Equity
Balance	3,085	3,113	3,090	3,129
Issuance of common stock				1
Reissuance of common stock	(2)	(1)	(5)	(4)
Shares repurchased	(10)	(10)	(30)	(30)
Stock compensation	10	3	28	11
Other				(2)
Balance	3,083	3,105	3,083	3,105
Treasury Stock
Increase (Decrease) in Share Owners' Equity
Balance	(695)	(709)	(701)	(714)
Reissuance of common stock	4	4	13	11
Other			(3)	(2)
Balance	(691)	(705)	(691)	(705)
Retained Earnings
Increase (Decrease) in Share Owners' Equity
Balance	641	173	301	152
Net earnings	231	85	571	106
Balance	872	258	872	258
Accumulated Other Comprehensive Loss
Increase (Decrease) in Share Owners' Equity
Balance	(1,890)	(2,180)	(1,972)	(2,272)
Other comprehensive income (loss)	(37)	(18)	45	74
Balance	(1,927)	(2,198)	(1,927)	(2,198)
Non-controlling Interests
Increase (Decrease) in Share Owners' Equity
Balance	116	103	107	104
Net earnings	4	6	41	17
Other comprehensive income (loss)	(7)	(1)	(9)	(14)
Distributions to noncontrolling interests	(1)		(27)
Other				1
Balance	$ 112	$ 108	$ 112	$ 108

Share Owners' Equity - Rollfo_2

Share Owners' Equity - Rollforward Shares (Details) - shares	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Share Owners' Equity
Issuance of common stock (in shares)				50,000
Reissuance of common stock (in shares)	200,000	200,000	600,000	300,000
Shares repurchased (in shares)	768,984	600,000	2,300,000	1,700,000
Stock compensation (in shares)	0	0	500,000	600,000

Share Owners' Equity - Share Re

Share Owners' Equity - Share Repurchase (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Share Owners' Equity
Shares repurchased	$ 10	$ 10	$ 30	$ 30
Shares repurchased (in shares)	768,984	600,000	2,300,000	1,700,000
Stock repurchase plan authorized	$ 150		$ 150
Remaining repurchase of common stock available	$ 80		$ 80

Share Owners' Equity -Authoriza

Share Owners' Equity -Authorization of Common Stock (Details) - $ / shares	Sep. 30, 2022	Dec. 31, 2021	Sep. 30, 2021
Authorization of common stock
Shares of common stock issued (including treasury shares)	250,000,000	250,000,000	250,000,000
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01	$ 0.01
Shares of common stock issued (including treasury shares)	186,180,000	187,752,000	188,426,000
Treasury shares	31,042,000	31,397,000	31,599,000

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Loss (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Increase (Decrease) Accumulated Other Comprehensive Loss, Net of Tax
Other comprehensive income (loss) attributable to the Company	$ (44)	$ (19)	$ 36	$ 60
Net Effect of Exchange Rate Fluctuations
Increase (Decrease) Accumulated Other Comprehensive Loss, Net of Tax
Balance at beginning of the period	(1,275)	(1,187)	(1,290)	(1,229)
Change before reclassifications	(92)	(109)	(77)	(67)
Other comprehensive income (loss) attributable to the Company	(92)	(109)	(77)	(67)
Balance at end of the period	(1,367)	(1,296)	(1,367)	(1,296)
Change in Certain Derivative Instruments
Increase (Decrease) Accumulated Other Comprehensive Loss, Net of Tax
Balance at beginning of the period	2	(47)	(21)	(60)
Change before reclassifications	30	37	73	83
Amounts reclassified from accumulated other comprehensive loss	(6)	(25)	(25)	(59)
Translation effect			(1)	1
Tax effect		1		1
Other comprehensive income (loss) attributable to the Company	24	13	47	26
Balance at end of the period	26	(34)	26	(34)
Employee Benefit Plans
Increase (Decrease) Accumulated Other Comprehensive Loss, Net of Tax
Balance at beginning of the period	(617)	(946)	(661)	(983)
Change before reclassifications		47	(1)	45
Amounts reclassified from accumulated other comprehensive loss	17	24	41	63
Translation effect	14	7	35	7
Other comprehensive income (loss) attributable to the Company	31	78	75	115
Balance at end of the period	(586)	(868)	(586)	(868)
Accumulated Other Comprehensive Loss.
Increase (Decrease) Accumulated Other Comprehensive Loss, Net of Tax
Balance at beginning of the period	(1,890)	(2,180)	(1,972)	(2,272)
Change before reclassifications	(62)	(25)	(5)	61
Amounts reclassified from accumulated other comprehensive loss	11	(1)	16	4
Translation effect	14	7	34	8
Tax effect		1		1
Other comprehensive income (loss) attributable to the Company	(37)	(18)	45	74
Balance at end of the period	$ (1,927)	$ (2,198)	$ (1,927)	$ (2,198)

Other Income (Expense), Net (De

Other Income (Expense), Net (Details) - USD ($) $ in Millions	3 Months Ended			9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Jun. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Other Income (Expense), Net
Gain on sale of divested business (see Note 17)				$ 55
Gain on sale leasebacks (see Note 17)	$ 153			334
Restructuring, asset impairment and other charges	(10)	$ (12)		(21)	$ (21)
Brazil indirect tax credit (see Note 10)			$ 69		69
Pension settlement charges	(5)	(5)		(5)	(5)
Charge related to Paddock support agreement liability (see Note 10)					(154)
Intangible amortization expense	(8)	(9)		(24)	(26)
Foreign currency exchange loss	(3)	(1)		(4)	(3)
Royalty income	7	6		18	17
Other income (expense), net	$ 134	$ (21)		$ 353	$ (123)

Earnings Per Share (Details)

Earnings Per Share (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Numerator:
Net earnings attributable to the Company	$ 231	$ 85	$ 571	$ 106
Denominator (in thousands):
Denominator for basic earnings per share - weighted average shares outstanding (in shares)	155,115,000	156,825,000	155,546,000	157,430,000
Effect of dilutive securities:
Stock options and other (in shares)	3,820,000	3,686,000	3,346,000	3,043,000
Denominator for diluted earnings per share - adjusted weighted average shares outstanding (in shares)	158,935,000	160,511,000	158,892,000	160,473,000
Basic earnings per share:
Earnings from continuing operations (in dollars per share)	$ 1.49	$ 0.49	$ 3.67	$ 0.62
Gain from discontinued operations (in dollars per share)		0.05		0.05
Net earnings (loss) attributable to the Company (in dollars per share)	1.49	0.54	3.67	0.67
Diluted earnings per share:
Earnings from continuing operations (in dollars per share)	1.45	0.48	3.59	0.61
Gain from discontinued operations (in dollars per share)		0.05		0.05
Net earnings (loss) attributable to the Company (in dollars per share)	$ 1.45	$ 0.53	$ 3.59	$ 0.66
Weighted average shares of common stock attributable to options not included in diluted earnings per share (in shares)	724,186	958,014	1,035,227	1,206,870

Supplemental Cash Flow Inform_3

Supplemental Cash Flow Information (Details) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021
Supplemental Cash Flow Information
Amount of receivables sold	$ 447	$ 416	$ 481
Receivables sold under supply chain factoring program	174	189	$ 180
Interest paid in cash	172	144
Increase or decrease to cash from operating activities from factoring programs	(34)	(20)
Expense due to factoring program	6	4
Income taxes paid in cash
Income taxes paid in cash	137	64
Cash interest included in note repurchase premiums	17
U.S. operations
Income taxes paid in cash
Income taxes paid in cash	9	6
Non-U.S.
Income taxes paid in cash
Income taxes paid in cash	$ 128	$ 58

Divestitures and Sale Leaseba_2

Divestitures and Sale Leasebacks of Land and Building (Details) - USD ($) $ in Millions	1 Months Ended			3 Months Ended		9 Months Ended
	Aug. 31, 2022	May 31, 2022	Jan. 31, 2021	Sep. 30, 2022	Mar. 31, 2022	Sep. 30, 2022
Divestitures
Gain on sale leasebacks				$ 153		$ 334
Gain on sale of divested business						$ 55
Argentina | Other operating income (expense) | Disposal Group, Not Discontinued Operations
Divestitures
Gross proceeds			$ 10
Cristar TableTop S.A.S. | Other operating income (expense) | Disposal Group, Not Discontinued Operations
Divestitures
Gross proceeds					$ 96
Gain on sale of divested business					55
Gain on sale of businesses, after tax					$ 16
Vernon, California (Los Angeles) Plant | Disposal Group, Not Discontinued Operations
Lease
Lease term	10 years
Operating Lease, Right-of-Use Asset, Statement of Financial Position [Extensible List]				Other Assets, Noncurrent		Other Assets, Noncurrent
Operating lease right-of-use assets (included in Other assets)				$ 62		$ 62
Operating Lease, Liability, Current, Statement of Financial Position [Extensible List]				Other Liabilities, Current		Other Liabilities, Current
Current operating lease liabilities (included in Other current liabilities)				$ 3		$ 3
Operating Lease, Liability, Noncurrent, Statement of Financial Position [Extensible List]				Other Liabilities, Noncurrent		Other Liabilities, Noncurrent
Noncurrent operating lease liabilities (included in Other long-term liabilities)				$ 59		$ 59
Vernon, California (Los Angeles) Plant | Disposal Group, Not Discontinued Operations | Minimum
Lease
Rent payment	$ 7.2
Vernon, California (Los Angeles) Plant | Disposal Group, Not Discontinued Operations | Maximum
Lease
Rent payment	10.3
Vernon, California (Los Angeles) Plant | Other operating income (expense) | Disposal Group, Not Discontinued Operations
Divestitures
Net proceeds	181
Gain on sale leasebacks	153
Gain on sale of businesses, after tax	$ 153
Brampton, Ontario, Canada Plant | Disposal Group, Not Discontinued Operations
Lease
Lease term		10 years
Operating Lease, Right-of-Use Asset, Statement of Financial Position [Extensible List]				Other Assets, Noncurrent		Other Assets, Noncurrent
Operating lease right-of-use assets (included in Other assets)				$ 54		$ 54
Operating Lease, Liability, Current, Statement of Financial Position [Extensible List]				Other Liabilities, Current		Other Liabilities, Current
Current operating lease liabilities (included in Other current liabilities)				$ 4		$ 4
Operating Lease, Liability, Noncurrent, Statement of Financial Position [Extensible List]				Other Liabilities, Noncurrent		Other Liabilities, Noncurrent
Noncurrent operating lease liabilities (included in Other long-term liabilities)				$ 51		$ 51
Brampton, Ontario, Canada Plant | Disposal Group, Not Discontinued Operations | Minimum
Lease
Rent payment		$ 7.3
Brampton, Ontario, Canada Plant | Disposal Group, Not Discontinued Operations | Maximum
Lease
Rent payment		9.1
Brampton, Ontario, Canada Plant | Other operating income (expense) | Disposal Group, Not Discontinued Operations
Divestitures
Net proceeds		190
Gain on sale leasebacks		182
Gain on sale of businesses, after tax		$ 158